Jersey
Best Practice | 3 Apr 17
Jersey opens tax disclosure amnesty
Jersey is running a voluntary disclosure scheme giving islanders the opportunity to tell the taxman if they have made a mistake or failed to declare income without having to pay extra penalties, ahead of tougher sanctions that may be brought in next year.
Brexit prompts nearly £1m financial services review on Jersey
The government of Jersey is to spend £900,000 ($1.1m, €1m) on another strategic review of the island’s financial services industry, to analyse the implications of Brexit and the effect of digital disruption.
PEOPLE MOVES: Jersey, Lombard Int’l, Stanhope Capital
The States of Jersey has named a chief officer of its financial services team, while Lombard International Assurance has created a general counsel role for its European operations. Stanhope Capital has secured a former Mexican finance minister for its board.
Jersey agrees to return money laundering assets to Kenya
Jersey chief minister Ian Gorst has signed an agreement to allow the return of over £3m ($3.65m, €3.46m) of stolen assets to Kenya.
UK officials visit crown dependencies to discuss ‘Crexit’
A team of UK politicians have been touring the Channel Islands and the Isle of Man as part of a fact-finding mission to establish what effect Britain’s exit from the European Union will have on the crown dependencies.