A report published earlier today by MONEYVAL confirms Jersey's exemplary measures in combating financial crime, reinforcing our standing as a premier international finance centre (IFC).
Commenting on the MONEYVAL 2024 report, Kathryn Wilkinson, Managing Director, Jersey said:
“Today we at Suntera are celebrating the achievement of the Government of Jersey, the Jersey Financial Services Commission, other agencies and Jersey’s financial services community following the publication of the most recent independent report by MONEYVAL, the Council of Europe’s permanent monitoring body, which has concluded that Jersey’s effectiveness in preventing financial crime is among the highest level found in jurisdictions evaluated around the world.
We are proud that Jersey continues to be recognised as a responsible finance centre that upholds international standards for combatting money laundering and countering the financing of terrorism.”
Also commenting on the Report, Joe Moynihan, CEO of Jersey Finance, said:
“This Report, which is produced in line with agreed international standards, is a strong endorsement of Jersey’s capabilities as a jurisdiction in combatting financial crime and reflects its commitment to upholding the very highest standards on the global stage. It is a report that should send a powerful and positive message to investors around the world and give them confidence in Jersey’s current and future standing.
“Its publication, following an extensive review and engagement process, reflects in particular the substantive joined-up approach of our industry, working in tandem with the Government of Jersey, the Jersey Financial Services Commission and other agencies, and we thank them all for their efforts to evidence Jersey’s standing as a responsible and reputable jurisdiction.
“Recognising that the long-term direction for international financial services is towards greater sophistication in tackling financial crime, we remain committed to delivering this as a jurisdiction to stay at the forefront of cross-border financial services.”
Find out more about the report here: 2024 MONEYVAL Evaluation.
Key Contact:
MANAGING DIRECTOR, JERSEY