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Risk & Regulatory

It is a fact of life that all regulated businesses today face ever increasing pressure in the areas of compliance, regulation and risk management. Not only are our businesses required to comply with regulations and laws imposed within each jurisdiction, we need to be alert to impending changes in the UK, EU and elsewhere which could have an impact on the way we operate.

It is vital to ensure that there are appropriate policies and procedures in place to address these risks. In any business this can become a huge burden on staff and managers. Failure to meet the relevant requirements could place your organisation, and potentially your staff, at risk of investigations, prosecution, penalties, civil liabilities and even loss of licence. Our Risk & Regulatory team regularly helps financial services clients protect their most important asset – their regulated status - and steer a path through rough regulatory waters. We assist leading international financial institutions across a range of matters, including, regulatory investigations and enforcement, licensing and prohibition actions and AML/CTF and sanctions reporting and compliance.

Collas Crill's multi-disciplinary approach to providing Risk & Regulatory services ensures that every aspect of our clients' business is covered. By drawing on the skills and experience of a highly experienced team of lawyers with expertise from across the firm, we are able to deal with all legal compliance issues that could affect your business, whether contentious or non-contentious. The assistance we are able to provide ranges from strategic matters to specific operational issues.

Furthermore, in today's global environment, staying abreast of the latest developments is critical, which is why we regularly provide guidance on best market practice and deliver updates, seminars and training to clients on regulatory, risk and compliance issues. Whatever your needs, we will work with you and tailor our services to meet the requirements of your business for specific issues or transactions or on an on-going basis.


  • Fantastic to work with; enormously practical and business-minded.
    Chambers and Partners 2020
Risk & Regulatory services

We are able to assist local businesses on locally applicable competition laws, including mergers and acquisitions processes and approvals and exemptions, as well as advising on the increasingly complex legislation related to anti-competitive behaviours and agreements between businesses and the abuse of a dominant position in a market.

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Data Protection and Information Rights

Data is the most valuable asset for many of our clients and data protection is a growing facet of offshore business. We have advised a number of institutional clients on their commercial obligations in terms of data security and data protection and regularly provide advice on contract terms in this difficult area. We also have significant experience in using the full range of legal remedies available to obtain access to data and information held, and so are ideally placed to advise clients on either side of the data protection equation.

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Environmental Regulation

Working alongside our highly-rated local property teams we are well placed to advise businesses on all aspects of environmental regulation and legislation including industrial licenses and planning requirements as well as laws related to environmental protection and required minimum standards.

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Collas Crill's Risk and Regulatory Team provide legal support to businesses applying local rules regarding foreign tax reporting and production orders. Our goal here is to ensure our clients remain compliant, while conducting their business efficiently and in line with their clients interests and expectations.

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Regulatory Enforcement Action

The regulatory environment both in local jurisdictions and internationally, is becoming increasingly complex at a time when regulatory agencies are becoming more zealous in their approach to enforcement and investigations. We guide clients through the impact of enforcement of investigatory actions by regulatory bodies, offering dedicated strategic advice on a broad range of issues including enforcement notices, governance matters, complaints, insider trading and dealing and market manipulation.

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Regulatory Investigations and Proceedings

Collas Crill's market leading Risk and Regulatory team provides full support to financial services clients in all aspects of their interactions with regulators. We have achieved outstanding results for our clients through providing timely advice and representation in the course of an investigation, through to robust representation where this is required.

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Regulatory Structuring & Advice

As part of the firm's multi-disciplinary Risk and Regulatory practice, the Corporate and Commercial team is able to advise clients on the establishment and structuring of the full range of regulated service in our jurisdictions. Our experience allows us to shape licence applications to fit regulatory expectations as well as tailoring procedures and processes to reflect the latest and best practices in compliance and corporate governance. Our services include general regulatory and compliance advice and support, non-Financial Services Regulatory matters including utilities, data protection and corporate governance, due diligence, reviews, audits and health checks. We advise clients from a diverse client base with a focus on the financial services industry including fund administrators, trust companies, banks, investment managers, local companies and individuals.

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Sanctions and AML

Collas Crill's Risk and Regulatory team provide contentious and non-contentious advice and support, primarily for local financial services businesses, in complying with Sanctions and Anti-Money laundering regulations. Our work ranges from initial strategic advice, liaison with stakeholders - including regulators, investigations and prosecution authorities, and clients – to litigation, where required.

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Utilities Regulations

We work with a number of local utilities assisting them with their work with regulators and pricing control commissioners as well as advising on the effects of proposed changes in legislation, commercial contracts and corporate governance.

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Risk & Regulatory NEWS & PUBLICATIONS
Deal 31 Jul 2019

Unwinding tax consequences

In the matter of the J Settlement [2019] JRC111, the case dealt with an application for a number of trustee resolutions to be declared voidable on grounds of mistake. The...

Deal 27 Oct 2015

Sita Guernsey Limited

Collas Crill acted for Sita Guernsey Limited, a subsidiary of Suez Environment, in the development of the Waste to Energy Plant and all related activities in Guernsey. The...

Insight 13 Nov 2020

CRS and FATCA update

There have been a number of recent amendments to the Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (FATCA) reporting regimes in the Cayman Islands...

Insight 02 Oct 2020

Opportunities for cannabis business

A few years ago I was fortunate enough to be involved in an expedition which hiked through the jungle of the Democratic Republic of the Congo. The trip took us through some...

Insight 23 Sep 2020

The FinCEN Files

Senior Associate Nin Ritchie shares her thoughts on the recent news about the FinCEN leaks. I'm a regulatory lawyer, I love a bit of drama (I shouldn't admit it, I know)...

Insight 15 Jul 2020

Amendments to the Private Funds Law

In January, we published an article detailing draft legislation named the Private Funds Bill on 8 January 2020 (the 'Bill'). In March, we published another article after the...

  • Guide Guernsey

    Regulatory Audit Service

  • Guide 06 Mar 2020 Cayman

    Existing entities which fall within the definition of a Private Fund under the Law have until 7 August 2020...

  • Guide 18 Feb 2020 Guernsey

    The risk-based approach is not a new concept, and it allows businesses to develop a proportionate risk...

  • Guide 26 Jul 2019 Jersey

    The Jersey Financial Services Commission (JFSC) recently updated its AML/CFT Handbook for regulated...

  • Guide 13 Jul 2018 Jersey

    The Jersey Financial Services Commission (JFSC) has published guidance on how ICOs will be approved in...

  • Guide 12 Apr 2019 Guernsey

    As the UK limps towards another deferred Brexit date, businesses in Guernsey must still consider how they...

  • Guide 12 Mar 2019 Guernsey

    The English courts have had another busy few months considering the protective scope of legal professional...

  • Guide 08 Dec 2017 Guernsey

    Guernsey's new data protection regime

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