October 3 2017
A national risk assessment will be carried out in Jersey to assess the threats posed to the Island by moneylaundering and terrorist financing. It will be led by The Jersey Financial Crime Strategy Group (JFCSG), which is responsible for mitigating the risk of financial crime in Jersey.
The Financial Action Task Force, which sets the global standards concerning financial crime, now requires all countries to identify, assess and understand the risks posed by money laundering and terrorist financing.
The risk assessment is expected to be complete by June 2019, when a report and action plan will be published.