THE COMMISSION
The Commission’s key purpose is:
To maintain Jersey’s position as an international finance
centre with high regulatory standards by:
- reducing risk to the public of financial loss due to dishonesty,
incompetence, malpractice or the financial unsoundness of financial
service providers;
- protecting and enhancing the Island’s reputation and
integrity in commercial and financial matters;
- safeguarding the Island’s best economic interests; and
- countering financial crime both in Jersey and elsewhere.
In support of our key purpose, the Commission aims to:
- ensure that all entities we authorise meet fit and proper criteria;
- ensure that all entities we regulate are operating within accepted
standards of good regulatory practice;
- match international standards in respect of banking, securities,
trust company business, insurance regulation, and anti-money laundering
and terrorist financing defences;
- identify and deter abuses and breaches of regulatory standards;
and
- ensure the Commission operates effectively and efficiently
and is properly accountable to the Minister for Economic Development.
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