Enforcement
Our Enforcement team investigates and, where appropriate, takes or proposes action against businesses and individuals which 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 but fairly and 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 Law Officer's Department for consideration of criminal prosecution.
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 - principal persons
Civil financial penalties on Principal 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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