Regulatory & Compliance

Successfully navigating the increasingly complex hurdles facing regulated businesses can be a significant challenge but one that can certainly be overcome with appropriate support. Our regulatory and compliance team combines individuals with legal, accounting, commercial and compliance expertise who have wide-ranging and in depth experience of the provision of regulatory advisory services to the financial services and other industries. Our objective is to provide advice that helps our clients respond effectively to changing regulations whilst also maintaining a commercial sensitivity to their business.  

Members of our team have been actively involved in shaping the development of law and regulation in both Jersey and Guernsey, and have an in depth understanding of relevant legislation, regulation and practice. Our technical expertise is combined with years of hands-on practical experience of advising, and the operation of, financial services and other businesses.

Our regulatory and compliance service includes:

  • advice on AML systems, issues and reporting
  • advice on financial services authorisation and the conduct of business
  • advice on FATCA and the common reporting standard
  • regulatory assurance, including reviews and remediation projects
  • development and enhancement of policies and procedures
  • dealing with regulatory investigations, enforcement actions, tax related investigations and tax information exchange agreement (TIEA) requests
  • crisis management
  • due diligence
  • competition law and data protection

Across our team, responding rapidly and practically in this technically demanding area is our priority. We provide the means for our clients and their businesses to survive and prosper in the challenging, complex world of regulated business, where failures can be critical.

Sanctions
Our dedicated sanctions team advises Jersey based institutions, trust companies and individuals on the impact of sanctions both in relation to substantive trust structures, funds and individual accounts. Noting the particular complexities which arise with trusts the team comprises of both trust specialists and litigators.

We have an in depth understanding of the relevant legislation, as well as the latest developments in sanctions law. We also keep ourselves familiar with best practice in the United Kingdom and beyond, which allows us to provide the best advice to our clients.

We can help our clients with:

  • Advising trustees on the impact of sanctions to trust structures
  • Assisting with reporting and licensing exemptions
  • Challenging UN and EU designations
  • Ongoing compliance and sanctions legislation
  • Assisting institutions in producing policies and procedures to address their legal obligations under sanctions legislation.
  • They function as a City firm and give good quality advice to clients.
    Chambers 2015
News/Experience
Bedell Cristin finalist in two STEP categories
13 Jun 2017 BVI Guernsey Jersey London Singapore

Bedell Cristin is a finalist in two categories of the prestigious STEP Private Client Awards 2017/18.

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Bedell Cristin is shortlisted for Lawyer magazine award
11 May 2017 Jersey Guernsey London Singapore BVI

Bedell Cristin has been shortlisted for ‘Offshore Law Firm of the Year’ in the prestigious annual awards organised by The Lawyer.

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Bedell Cristin Partner to speak at GDPR seminar - What businesses should be thinking about now
Litigation Regulatory & Compliance 28 Apr 2017 Jersey

Bedell Cristin Partner, Edward Drummond is one of the expert speakers discussing the implications of the General Data Protection Regulation (GDPR), the new EU Regime on data protection which will impact on businesses in the Channel Islands when it is introd...

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Bedell Cristin's outstanding service secures European Award
10 Apr 2017 BVI Guernsey Jersey London Singapore

Bedell Cristin has been awarded the Offshore Client Service Award at the prestigious Chambers Europe Awards.

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Preparing for future UK legislation
Litigation Regulatory & Compliance 13 Feb 2017 Jersey

Finance professionals were alerted to future UK legislation focusing on tax evasion and avoidance and wider corporate economic crime in a seminar hosted by us last week entitled ‘Business Ethics – The Bribery Act was just the start…'

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Bedell Cristin Managing Partner to speak at cloud strategy conference
Regulatory & Compliance 08 Nov 2016 Jersey

David Cadin is a speaker at a leading conference on cloud strategies and the impact of new regulation, organised and hosted by Calligo later this month.

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Impressive global line up of law enforcement and compliance specialists at Guernsey conference
Regulatory & Compliance 17 Oct 2016 Guernsey

Leading global authorities on financial crime and compliance are in Guernsey next month for the 2016 Guernsey Compliance and & Economic Crime Symposium hosted by the Jersey International Business School.

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Significant milestone for Bedell Cristin
20 Sep 2016 Jersey BVI Guernsey London Singapore

The management buyout of Bedell Trust has completed following regulatory approvals. As a result, Bedell Cristin is now a wholly separate business to Bedell Trust.

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Bedell Cristin appoints two partners in Guernsey

Bedell Cristin Guernsey has announced that two of its leading lawyers, Advocate Jon Barclay and Advocate Richard Sharp, have become partners in the firm.

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Bedell Cristin appoints new Managing Partner in Guernsey
22 Aug 2016 Guernsey

Bedell Cristin has appointed Advocate Kate Ovenden as the new Managing Partner of its award winning Guernsey office.

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Bedell Cristin assisted LGT with their acquisition of a controlling interest in Vestra Wealth (Jersey) Limited
Regulatory & Compliance 07 Jun 2016 Jersey

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Bedell Cristin partners to speak at Anti-Money Laundering, Financial Crime and Sanctions Conference
Regulatory & Compliance Litigation 07 Apr 2016 Jersey

Bedell Cristin partners, Lisa Springate and James Campbell, have been invited to speak at the Anti-Money Laundering, Financial Crime and Sanctions Conference hosted by Infoline in Jersey, on 26 May 2016.

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The Common Reporting Standard: Jersey Guidance Notes update

Further to our briefing note "The Common Reporting Standard: draft Jersey legislation released" dated November 2015, the Chief Minister's Department has published draft guidance notes dated February 2016 ("Guidance Notes") which provide guidance on the impl...

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The Common Reporting Standard: draft Jersey legislation released

The draft Taxation (Implementation) (International Tax Compliance) (Common Reporting Standard) (Jersey) Regulations 201- (the "Regulations") were lodged au Greffe on 13 October 2015.

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Amendments to Guernsey's company legislation

On 29 July 2015 a number of significant changes to Guernsey's company legislation, the Companies (Guernsey) Law, 2008 (as amended), are expected to be approved by the States of Guernsey.

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Recognition for Bedell Cristin Partners in European legal awards

Two Bedell Cristin partners were recognised as leaders in their field across Europe in the Europe Women in Business Law Awards organised by Euromoney Legal Media Group.

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Bedell Cristin named finalist in STEP Private Client Awards
28 Jun 2015 Jersey

Bedell Cristin has been shortlisted in the prestigious STEP (Society of Trust & Estate Practitioners) Private Client Awards for 2015.

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Bedell Cristin is finalist in leading SE Asia Awards
06 May 2015 Singapore

Bedell has been shortlisted in the ‘Offshore Law Firm of the Year’ category in the prestigious Asian Legal Business SE Asia Awards 2015 for the third consecutive year.

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Bedell Cristin shortlisted for a further award
12 Mar 2015 Jersey

Bedell Crsitin has been shortlisted for a further industry awards adding to the accolades achieved to date this year.

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Bedell Cristin Guernsey wins top captive award for third year
28 Jan 2015 Guernsey

Bedell Cristin Guernsey has been named Offshore Law Firm of the Year in the UK Captive Services Awards 2015.

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New Year begins with series of awards for Bedell Cristin
27 Jan 2015 Jersey Guernsey

Bedell has been recognised in a number of industry awards.

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Bedell Cristin expands banking and corporate teams to meet growth

Bedell Cristin has further strengthened its banking and corporate teams in Jersey through the appointment of two experienced local lawyers.

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Bedell Cristin joins the World Services Group
05 Sep 2014 Guernsey Jersey Singapore BVI London

We are pleased to announce our membership of the World Services Group (WSG) representing both Jersey and Guernsey in the Channel Islands. We are looking forward to working with other member firms and developing our membership.

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Chambers name Bedell Cristin ‘Offshore Law Firm of the Year’
30 Apr 2014 Jersey

Bedell Cristin has been named ‘Offshore Law Firm of the Year’ at the Chambers Europe Awards for Excellence 2014.

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Due diligence

Bedell Cristin has advised on the corporate and regulatory due diligence in respect of several financial services businesses acquired by private equity buyers.

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Regulatory investigations

Bedell Cristin has acted as reporting professional under the Financial Services (Jersey) Law 1998.

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Structures in Trouble

Bedell Cristin has provided advice to the boards and trustees of various funds and other structures which have faced financial and/or regulatory difficulty.

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Financial services product development
Regulatory & Compliance Jersey Guernsey

Bedell Cristin has advised a variety of firms on the development of financial services products.

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Regulatory licensing
Regulatory & Compliance Jersey Guernsey

Bedell Cristin has assisted a number of businesses in obtaining regulatory authorisation.

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Overseas authorities

Bedell Cristin has provided advice to overseas regulatory authorities.

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Regulatory reviews
Regulatory & Compliance Jersey Guernsey

Bedell Cristin has assisted clients in responding to new and evolving legislation and regulation.

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Insights
EU General Data Protection Regulation
Briefings | 16 May 2017

This briefing provides an overview of the key changes introduced by the EU's General Data Protection Regulation (the "GDPR"), which will have extra-territorial effect in Jersey in relation to the personal data of EU citizens, and the provisions of which wil...

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Guernsey document and records retention
Briefings | 07 Mar 2017

Over recent years, businesses and employers in Guernsey (as in the rest of the world) have come under increased pressure from legislators and regulators alike to take steps to combat financial crime, including money laundering and terrorist financing. Some ...

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Guernsey register of beneficial ownership
Briefings | 17 Feb 2017

Guernsey's Policy and Resources Committee has recently submitted its proposals for the establishment of a register of beneficial ownership for consideration by the States of Guernsey at its sitting on 15 February 2017. Following consultation papers issued ...

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The Common Reporting Standard: Jersey Guidance Notes update
Briefings | 07 Mar 2016

Further to our briefing note "The Common Reporting Standard: draft Jersey legislation released" dated November 2015 ("November Briefing Note"), the Chief Minister's Department has published draft guidance notes dated February 2016 ("Guidance Notes") which p...

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The Common Reporting Standard: draft Jersey legislation released
Briefings | 04 Nov 2015

The draft Taxation (Implementation) (International Tax Compliance) (Common Reporting Standard) (Jersey) Regulations 201- (the "Regulations") were lodged au Greffe on 13 October 2015. The purpose of the Regulations is to give effect to Jersey's obligations ...

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Bribery and corruption - Guernsey
Briefings | 18 Aug 2015

Historically, the law against bribery in Guernsey and Sark consisted of a common law offence which was rather uncertain in its ambit and seldom, if ever, tested in court. The position in Alderney was similar, albeit reinforced to some extent by a 1994 statu...

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The deep freeze: the growing impact of sanctions on Jersey
Briefings | 20 Jan 2015

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BVI FATCA update
Briefings | 06 Jun 2014

The Foreign Account Tax Compliance Act ("FATCA") was introduced by the United States in 2010 as part of the US Hiring Incentives to Restore Employment Act (known as the HIRE Act). The purpose of FATCA is to reduce tax evasion by US citizens. FATCA requires ...

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Financial services regulation in Jersey
Briefings | 15 Jan 2014

Jersey's reputation as a leading international finance centre has been assisted by being a well-regulated jurisdiction which applies global standards upon which clients and investors alike can rely. Jersey has been independently assessed by a number of supr...

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Bribery and corruption - Jersey
Briefings | 19 Sep 2012

This briefing explains the laws governing bribery and corruption in Jersey. Jersey has its own legal system and is a separate jurisdiction from that of England and Wales. To combat bribery and corruption, it enacted the Corruption (Jersey) Law 2006 (the "C...

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Money Laundering (Jersey) Order 2008 - individual client identification
Briefings | 07 Oct 2010

In order that we are able to act for you, the Money Laundering (Jersey) Order 2008 requires us to obtain certain information about you.

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The Anti-Money Laundering Regime: A Jersey Overview
Briefings | 20 Jul 2009

This chapter will appear in the "International Guide to Money Laundering Law and Practice" to be published by Bloomsbury Professional in December 2009.

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Good things always come in threes
Articles | 18 May 2017

Richard Le Liard, senior associate, presents a round- up of recent regulatory developments. Published in the JEP Funds Review - 18 May 2017.

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Rage against the regime
Articles | 03 Aug 2015

With global financial sanctions now reaching an unprecedented level, Angela Bilbow casts a view over the consequences sanctions have on Channel Islands financial institutions, how they are being tackled and what lies ahead.

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Jersey: growing impact of sanctions
Articles | 09 Mar 2015

Lisa Springate discusses - Jersey: growing impact of sanctions. Published in Legal Week 13 February 2015.

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Litigation: The deep freeze: the impact of EU and US sanctions on Jersey
Articles | 23 Jun 2014

Lisa Springate looks at the impact on EU and US sanctions on Jersey. Published in Quorum Newsletter June 2014.

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Litigation: Lisa Springate comments on the impact of sanctions on Jersey for Legal Week
Articles | 02 May 2014

Litigation: Lisa Springate comments on the impact of sanctions on Jersey for Legal Week

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