JERSEY GOVERNMENT BEGINS INDUSTRY DIALOGUE OVER STRATEGY FOR TACKLING FINANCIAL CRIME

On 11 June, a news release from the Government of Jersey says that it has begun to engage the financial services industry in discussions about amendments to the Island’s financial crime strategy – designed to ensure that Jersey meets international standards set by FATF.  A minister is quoted as saying that over the next 18 months there will be a great deal of work, encompassing policy, legislation and procedures, where there will be a lot of change, particularly in the areas of risk understanding, supervision, enforcement action, criminal prosecution and confiscation.  A launch event organised through Jersey Finance involved the Government, the States of Jersey Police (SoJP), and the Jersey FSC presented the actions that should be expected by the industry in order to ensure that Jersey continues to meet international standards.

https://www.gov.je/News/2021/Pages/FinancialServicesCrimeStrategy.aspx

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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