Government publishes first National Risk Assessment for terrorist financing
The Government of Jersey has published its first National Risk Assessment (NRA) on terrorist financing. This follows the NRA for money laundering published last September.
This latest report has identified that there is a medium to low risk of Jersey being used for terrorist financing. It also found no evidence to suggest that the Island is at any greater risk or poses any increased risk when compared to other jurisdictions.
The findings of the NRA relate to potential risks, threats and vulnerabilities that we had already identified and are focusing our efforts and resources in those areas.
While the report concludes that the Island has a number of adequate systems and controls in place to mitigate the risks, it does recommend some actions to fully understand the threat and how Jersey can lower its risk.
Since the assessment was conducted, we have undertaken substantial work to enhance our capabilities for fighting financial crime and countering terrorist financing. We are committed to working with the Government, other Island agencies and Industry to action the recommendations of both NRAs.
You can read the full NRA for terrorist financing on gov.je