As part of Jersey's ongoing work to prevent financial crime, the island has undertaken several risk assessments.
The assessments are an accumulation of work from the Government of Jersey working alongside us, other agencies, professionals across the finance industry, and stakeholders in the non-profit sector.
The assessments document the potential risks, threats and vulnerabilities that Jersey faces as an international finance centre. It is a critical exercise for any jurisdiction to undertake regularly to understand where the risks lie, so stakeholders can take action to mitigate those risks accordingly.
Relevant persons are reminded of their obligation under Article 11(2)(a) of the Money Laundering (Jersey) Order 2008 to take into account the level of risk identified in national risk assessments when maintaining appropriate and consistent policies and procedures.
