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Senior Partner at Moore Stephens steps down

Move follows JFSC review

A senior partner at Moore Stephens has been banned from being involved in any financial services business for the time being.

Jersey-based Clive Barton had responsibility for the group in Gibraltar, Guernsey and the Isle of Man.

He, along with a partner in charge of trust company business, Kathleen Gillen, stepped down following a Jersey Financial Supervision Commission review.

It raised 'significant issues' over standards of due diligence, tax advice, levels of commission charges and anti-money laundering standards.

The pair have been banned from being involved in any financial services business until the JFSC gives them permission to resume.

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