As with many offshore centres, the regulatory regime in the Island has become much stricter in recent years. Although focused on the financial services sector, regulatory requirements do not end there and can provide surprises for the unwary in other sectors. Not only do we provide advice through our non-contentious teams for local and international clients on the issues flowing from their operations in the Channel Islands, the litigation team also has a developed expertise in advising quickly and efficiently on the many real-time issues that can arise in practise.

Speed of response and practical advice are the key tenets of the firm's work in this technically demanding area.  The team gives general anti-money laundering advice and regulatory advice to a wide range of local clients, ranging from institutions through to individuals who find themselves or their assets affected by relevant legislation. We acted in the first appeal against the refusal of a trust company licence under the terms of the Financial Services (Jersey) Law 1998 and since then have been involved in a number of matters which never got as far as Court. Our recent advice enabled one client to free up significant assets frozen by a bank and we are currently advising a significant non-financial services sector institution about anti-money laundering issues.