Jersey regulator fines IQ EQ £800,00 over regulatory breaches

Mark Battersby
clock • 3 min read

International financial services firm IQ EQ has been fined more than £800,000 by the  Jersey Financial Services Commission  for regulatory breaches following a change in ownership and series of acquisitions. First Names grew rapidly during the period from 2012 to 2016, following the acquisition of a number of Jersey regulated trust company businesses. Following this period, and a change in ownership, following which First Names rebranded to IQ EQ Jersey, the JFSC requested that an independent reporting professional assess the effectiveness of IQ EQ Jersey's processes, systems and cont...

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