Jersey steering groups show way for balanced anti-laundering regulation

By Steve Meiklejohn, Head of the Regulatory Team, Ogier & Le Masurier There is a fine balance between sensible and necessary regulation on the one hand and over-burdensome and indeed point- less regulation on the other. In the main, most within the finance industry would say that the right balance between the two has been achieved in Jersey. This has been managed through the use of steering groups made up of industry representatives and members of the Jersey Financial Services Commission's (JFSC) team. Good examples to date have been the introduction to regulation of trust companie...