Understanding the 2022 Jersey National Strategy for Combatting Financial Crime
24/02/2023
In September 2022 Jersey Businesses were told to use the Jersey National Strategy to improve their own strategy to combat financial crime [see YOUTUBE update below].
Two key documents have been published by jersey government which set out Jersey’s approach to combatting financial crime:
- The National Strategy for Combatting Money Laundering, the Financing of Terrorism, and the Financing of Proliferation of Weapons of Mass Destruction
- Sets out how Jersey will meet its long-term commitment to prevent and detect all forms of financial crime and presents a detailed action plan for increasing the effectiveness of the Island’s regime.
- National Strategy for Combatting Money Laundering, the Financing of Terrorism and the Financing of Proliferation of Weapons of Mass Destruction
- https://www.gov.je/Industry/Finance/FinancialCrime/NationalRiskAssesmnents/Pages/NationalStrategyCombattingFinancialCrime.aspx
- The National Statement on Financial Services and Financial Crime: Activities, Risk Appetite and Mitigation
- Outlines the mains sources and types of risk that Jersey faces as an international finance centre, and provides a framework for how the Island identifies and mitigates those risks.
- National Statement on Financial Services and Financial Crime: Activities, Risk Appetite and Mitigation
- https://www.gov.je/Industry/Finance/FinancialCrime/NationalRiskAssesmnents/Pages/FinancialCrimeRiskAppetite.aspx
Watch Julian Gouge speak about how he put together the National Strategy, and how businesses can use it to improve their own strategy to combat financial crime.
The Minister for Treasury and Resources, who has responsibility for the financial services sector, Deputy Ian Gorst, said:
- “We have a clear vision for the future of financial services, and that is for Government, industry, regulators, agencies and other stakeholders to work together.
- “We want to create an environment in which the industry can continue to thrive.
- We will do that by facilitating its digital transformation, its transition into being a leading centre for sustainable finance, and – importantly – through its continued compliance with global standards.
- “Together the strategy and statement create a clear plan for how Jersey will deliver against its commitment to combatting financial crime in all its forms and how we continue to play our role as a responsible global citizen.”
Source
https://www.gov.je/news/2022/pages/JerseyStrategyOnMoneyLaundering.aspx
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