MONEYVAL recognises Jersey as a Responsible Financial Centre.
MONEYVAL acknowledging Jersey as a responsible finance centre upholding international standards on combatting money laundering and terrorism financing is praised by Appleby Jersey.
The report shows Jersey’s high effectiveness compared to other global jurisdictions, confirming its leading role as an international finance hub.
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 released following a two-year assessment and peer review by MONEYVAL, the anti-money laundering body of the Council of Europe.
The report praises Jersey for enhancing its legal and regulatory framework to tackle money laundering, terrorist financing, and proliferation financing.
Read full report.
