Guidance on requirements to prove legitimate search of the Obliged Entity Beneficial Owner Register
We have published new guidance to help obliged entities understand the evidence our Registry Supervision team will need from obliged entities to demonstrate that their searches of the register were for a legitimate purpose.
Background
As part of Jersey’s commitment to international standards to prevent money laundering and terrorist financing, from 24 February 2025, certain persons who are obliged to perform customer due diligence (CDD) are permitted to access the Obliged Entity Beneficial Owner Register to support them in the CDD process.
Access to the register is strictly controlled to prevent misuse. Our guidance published today helps those with access to the register understand the legal requirements of evidencing a legitimate search.
Next steps
From January 2026, our Registry Supervision team will be inspecting a sample of obliged entities’ OEBO registry searches to check they have been undertaken for a legitimate purpose, as part of the Registry Supervision Inspection programme.