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National Risk Assessment

The Jersey Financial Crime Strategy Group (JFCSG) has announced it will conduct a national risk assessment of the threats posed to the Island by money laundering and terrorist financing.

The JFCSG is a multi-departmental group that reports to the Chief Minister and is responsible for mitigating the risk of financial crime in Jersey. Its responsibilities involve coordinating risk assessments, reviewing and developing financial crime policies and legislation, and ensuring an appropriate risk-based application of resources. The JFSC is a member of the JFCSG.

The JFCSG will be using an assessment methodology developed by the World Bank to help undertake Jersey's NRA. Further information can be found in the following ​​​​communiqué:

Communiqué - national risk assessment of money laundering and terrorist financing 3 October 2017 

Completion of the NRA requires the collection of data from a number of sources including Industry. In October 2017 the JFSC Risk Seminars on the proposals regarding the provision of data to support risk based supervision highlighted the steps being taken to minimise the Industry data requests. Key documents regarding data collection can be accessed following the links below:

Consultation Paper on Data for Risk Based Supervision

Question and Answers from Risk Seminars - October 2017


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