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NATIONAL RISK ASSESSMENT

Overview & Industry Communications

The Jersey Financial Crime Strategy Group (JFCSG) has announced it will conduct a national risk assessment of the threats posed to the Island by money laundering and terrorist financing.

https://www.gov.je/News/2017/Pages/NationalRiskAssessment.aspx

The JFCSG is a multi-departmental group that reports to the Chief Minister and is responsible for mitigating the risk of financial crime in Jersey. Its responsibilities involve coordinating risk assessments, reviewing and developing financial crime policies and legislation, and ensuring an appropriate risk-based application of resources. The JFSC is a member of the JFCSG.

The JFCSG will be using an assessment methodology developed by the World Bank to help undertake Jersey's NRA. Further information can be found in the following ​​​​communiqué:

Communiqué 1 - National Risk Assessment of Money Laundering and Terrorist Financing - 3 October 2017 

Communiqué 2 - National Risk Assessment - What next for Industry - 7 March 2018 

Communique 3 - National Risk Assessment of Money Laundering and Terrorist Financing - 25 October 2018