Jersey tightens money laundering rules

Jersey’s new anti-money laundering rules are planned to be tightened up. Some occupations, for example, experienced financial advisors, which did not fall within current regulations, will be included into the new measures to fight money laundering.

An International Monetary Fund (IMF) inspection will assess Jersey against its standards to combat money laundering and fight terrorist financing.

The changes mean that the new categories would be checked by the Jersey Financial Services Commission (JFSC), the offshore jurisdiction’s regulator.

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