JFSC ban Principal from finance industry employment

Tuesday 29 March 2016

The financial services regulator has issued a public statement saying that it has banned Jon Hackwood from holding senior positions in the industry.

The statement, issued on Thursday afternoon, does not identify where Mr Hackwood most recently worked, or why the statement has been made.

It reports that the statement follows an investigation that has been carried out into Mr Hackwood, whose most recent role was as Managing Director of Sycamore Financial Services Limited.

Sycamore’s website says that they provide independent compliance reviews of anti-money laundering (AML) and combating the financing of terrorism (CFT).

Mr Hackwood’s bio on the Sycamore site says that he has more than 20 years of experience in offshore financial services and that he is a member of the Jersey Compliance Officers Association.