To ensure the right tax is being paid, strong regulation is needed. Jersey’s strong regulatory framework sets it apart from other IFCs. Our framework is one of the strongest in the world, designed to bring clarity and transparency to the world of finance.
We make certain that we know exactly where all the money in Jersey has come from and where it’s going. We then share that information with the relevant authorities and governments, working with them to ensure the tax due is being paid. This constant communication is vital to fighting financial crime and corruption.
As one of the best regulated IFCs, we have been acknowledged by independent assessments from some of the world’s leading bodies, including the World Bank and IMF, as well as scoring top marks from the OECD on tax transparency. We were also subject to a Mutual Evaluation by MONEYVAL in 2016 and found to be ‘compliant’ or ‘largely compliant’ with 48 out of 49 FATF Recommendations, the highest score amongst all states assessed.