Skip to main content
  • Home
  • About us
    • Board of Commissioners
    • Directors
    • Careers
    • Contact us
    • Data protection
    • Making a complaint
    • Our teams
      • Enforcement
      • Policy and Risk
      • Registry
      • Supervision
    • Strategic Roadmap
  • Industry
    • Codes of Practice
      • Alternative Investment Funds Code of Practice
      • Certified Funds Code of Practice
      • Deposit-taking Business Code of Practice
      • Fund Services Business Code of Practice
      • General Insurance Mediation Business Code of Practice
      • Insurance Business Code of Practice
      • Investment Business Code of Practice
      • Money Service Business Code of Practice
      • Trust Company Business Code of Practice
    • Consultations
    • Examinations
    • Fees
    • Financial crime
    • Fintech and innovation
      • Domestic collaboration and engagement
      • Fintech and innovation support
      • International collaboration and engagement
    • Forms
    • Guidance and policy
    • International-co-operation
      • Handbook on International Co-operation and Information Exchange
      • International assessments
      • Memoranda of Understanding
      • Sanctions
        • Summary of publications related to Russia and Belarus sanctions
    • Legislation
    • Regulated entities
    • Risk
      • Cyber-security
      • National Risk Assessments
      • Risk-based supervision
      • Supervisory risk data collection exercise
    • Sectors
      • Accountants estate agents lawyers and other businesses
      • Auditors
      • Banking
      • Funds
      • General Insurance Mediation Business
      • Insurance
      • Investment Business
      • Money Service Business
      • Trust Company Business
  • News and events
    • Events and webinars
    • Industry updates
    • News
    • Public statements and warnings
    • RSS feeds
    • Speeches
    • Subscribe
  • Protecting the public
    • Financial education
    • Fraud prevention
    • Investment mis-selling
    • World Investor Week
  • Publications
    • Annual reports
    • Business plans
    • Presentations
  • Registry
    • Annual confirmation
    • Beneficial ownership information
    • Register or make a change
    • Registry fees
    • Registry forms
    • Registry legislation
    • Registry notices
      • Public notices
  • Whistleblowing
  • Login
Jersey Financial Services Commission Jersey Financial Services Commission
  • About us
  • Industry
  • Registry
  • Protecting the public
  • News and events
  • Login

Popular searches

  • Annual report 2020
  • Annual returns
  • Annual confirmation statement
  • Business Plan 2022
  • Compliance monitoring
  • Guidance notes
  • myProfile
  • myRegistry
  • Outsourcing
  • Sanctions
  • Sound business practice policy

You are here

  • Home
  • Industry
  • International-co-operation
  • International assessments
  • MONEYVAL
  • 2015 MONEYVAL assessment
  • Subscribe
  • RSS

2015 MONEYVAL assessment

MONEYVAL carried out a mutual evaluation of Jersey’s compliance with the FATF standards through the following activities:

  • Submission of information by all FATF and MONEYVAL members of previous experience of cooperation with Jersey
  • Response by Jersey to a mutual evaluation questionnaire (MEQ) and statistics delivered to MONEYVAL on 18 November 2014
  • The results of the mutual evaluation were discussed at the December 2015 Plenary Meeting of all MONEYVAL members, observers and the secretariat
  • An on-site assessment of Jersey by a delegation of eight assessors (four from MONEYVAL member countries and four from the MONEYVAL Secretariat) took place January 17 to 24, 2015.

The Assessment Team comprised eight individuals with the following nationalities:

  • Andorran
  • Armenian
  • British
  • Dutch
  • Estonian
  • French
  • Israeli
  • Maltese

During the on-site element of the assessment, the assessors met insular authorities, private sector financial institutions, designated non-financial businesses and professions and financial sector associations. The meetings focused on all areas of the FATF standards particularly AML/CFT risks in specific sectors, customer due diligence and reporting.

Meetings were held with the Jersey Financial Crime strategy Group (the Strategy Group) and representatives from the various Island authorities that are members of the Strategy Group and involved in the fight against money laundering and the financing of terrorism:

  • Jersey Financial Services Commission 
  • Law Officers' Department
  • Joint Financial Crimes Unit
  • States of Jersey Police
  • Chief Minister’s Department - Financial Services
  • Chief Minister’s Department - External Affairs
  • Customs and Immigration Service
  • Judiciary: Bailiff, Deputy Bailiff and the Viscount

Further meetings were held with representatives from the following Industry sectors:

  • Deposit-takers (Banks)
  • Trust and Company Service Providers
  • Lawyers
  • Accountants
  • Asset managers (investment business and fund services business)
  • Estate agents
  • Money Services Business

In total across the course of the week the assessors attended approximately 35 meetings and spoke to more than 110 individuals.

Reports

2015 MONEYVAL report

2015 MONEYVAL summary report

2016 Jersey MONEYVAL summary report

Press release

Jersey in leading position according to Council of Europe experts

  • MONEYVAL
  • About MONEYVAL
  • 2015 MONEYVAL assessment
  • Accessibility
  • Careers
  • Contact us
  • Press office
  • Privacy policy
  • Subscribe
  • Whistleblowing
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
Back to top
© 2022 Jersey Financial Services Commission

This website uses cookies to analyse our traffic. To find out more read our cookie policy.