In December 2022, the Guernsey Financial Services Commission (GFSC) published their new thematic review of Business Risk Assessments (BRAs). Though the review was mostly positive, there are some important takeaways for the industry. Senior Associate Quentin Bregg and Compliance Consultant Neil Black (Collas Crill Compliance) outline the findings of the review and offer practical industry advice on the areas identified as needing improvement.

In the second part of this two-part episode, Collas Crill Partner Natalie Bell discusses launching a Cayman fund, practical top tips and the pitfalls with Laura da Ascenção, Commercial Director at TMF Group.

In the first part of this two-part episode, Collas Crill Partner Natalie Bell discusses launching a Cayman fund, practical top tips and the pitfalls with Laura da Ascenção, Commercial Director at TMF Group.

Senior Associate Dave Marshall is interviewed by Partner David Harby on his career path to date.

In this podcast Partner, and Head of Dispute Resolution in BVI, David Harby speaks to Associate Fay O'Halloran.  They talk about her career to date and what first attracted her to Collas Crill. Fay also asks David what his advice would be for those people starting out in their career in law.

Christian Hay, Collas Crill's head of dispute resolution in Guernsey, discusses crypto-assets in private wealth structures with Matt Gilligan, Associate Director at Saffery Champness in Guernsey, and Chris Recker, Associate at Duane Morris in London. This episode outlines some of the challenges of this asset class and offers guidance to trustees on how to avoid the pitfalls and protect both their beneficiaries and themselves.

Collas Crill Of Counsel Nin Ritchie and Executive Director of Collas Crill Compliance Sandra Lawrence discuss the legal obligations of reporting suspicion in Guernsey. As well as clarifying the definition of suspicion in relation to making a suspicious activity report (SAR), they talk about the roles and responsibilities of a firm's MLRO and board when it comes to making a disclosure. Sandra also covers off the Guernsey Financial Services Commission's thematic on reporting suspicion and the required SAR policies and procedures that should be in place within all firms.

Of Counsel Nin Ritchie and Collas Crill Compliance's Executive Director Sandra Lawrence advise on how to prepare for a regulatory visit in Guernsey and the pitfalls of failing to prepare.

In our latest 'On the Sofa' podcast, head of our BVI dispute resolution team David Harby is joined by Kristina Kicks of Interpath and Mark Pearce of Gately Plc to discuss all things crypto; including the interesting issues raised in the BVI, with reference to UK guidance, by Philip Smith v Torque Group Holdings Limited regarding the treatment and ownership of crypto assets in an insolvency situation.

Of Counsel Nin Ritchie and Collas Crill Compliance's Executive Director Sandra Lawrence discuss the recent judgment in Jersey in relation to LGL Trustees Limited which led to fines being imposed on them for two breaches of the Money Laundering Order. Nin and Sandra discuss the judgment and what businesses can learn from the Court's decision in terms of risk assessment and client due diligence throughout a business relationship.