Its report concludes that Jersey demonstrates a level of effectiveness that is among the highest in those jurisdictions assessed globally and further endorses its leading position as an international finance centre.
James Gaudin, Managing Partner, said: “This independent recognition from MONEYVAL is a strong endorsement of Jersey’s ongoing commitment to be a global leader in upholding the highest standards in combatting financial crime.
“We are committed to working with the island’s regulatory bodies and supervisors to promote Jersey’s reputation as a responsible jurisdiction to look to and welcome the positive message the report gives to the rest of the world.”
The Fifth Round Mutual Evaluation Report was published following a two-year assessment and a peer review by MONEYVAL, the Council of Europe’s anti-money laundering body.
The report commends Jersey for working to strengthen its legal and regulatory framework to combat money laundering, financing of terrorism and financing of proliferation.
Read full report.
