Our Enforcement team investigates and, where appropriate, takes or proposes action against businesses and individuals who do not comply with our regulatory and legal requirements. We investigate actual and potential cases of serious regulatory misconduct.
We regularly engage and work constructively with our regulated community so that we achieve successful outcomes.
We seek to act firmly and fairly, to ensure regulated businesses and individuals take steps to resolve issues, particularly when breaches are self-reported.
Where breaches are particularly serious or efforts to address shortcomings fail, we will use our statutory powers and are prepared to impose a range of sanctions. These include:
- restricting or preventing people from working in the finance industry without our consent
- revoking or placing a condition on a business licence
- issuing public statements
- imposing civil financial penalties
- referring cases to the States of Jersey Police or the Attorney General for possible criminal prosecution
International co-operation
Our Enforcement team also processes formal requests for assistance from overseas supervisory authorities, where the request relates to an investigation by the requesting authority.
Further information on how the Enforcement team can assist overseas investigations is available here
Related guidance and policy
Making a referral to the police and / or the Attorney General
Handbook on international co-operation and information exchange
Civil financial penalties methodology - natural persons
Civil financial penalties on natural persons - methodology for determining the amount
Civil financial penalties methodology- registered persons
Civil financial penalties on Registered Persons - methodology for determining the amount
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