JerseyThe Jersey Financial Services Commission announced that it launched an assessment into the risk of financial crime posed by all companies, partnerships, trusts and other similar vehicles available in the jurisdiction.
Jersey announced the launch of an assessment into the financial crime risk posed by all companies, partnerships, trusts and other similar vehicles available in the jurisdictions.
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The Jersey Financial Services Commission issued a £498,000 civil money penalty against the Jersey branch of the London-based financial institution for anti-money laundering breaches related to one correspondent banking relationship.
The Royal Court of Jersey issued a judgment imposing a fine of £550,000 against the St. Helier, Jersey-based company for two breaches of Article 37(4) of the Proceeds of Crime (Jersey) Law 1999 and the related regulations.
| Technical | Effectiveness |
|---|---|
| Compliant : 16 | High : |
| Largely Compliant : 28 | Substantial : |
| Partially Compliant : 5 | Moderate : |
| Non-Compliant : 0 | Low : |
| Not-Applicable : 0 |
| Rank : N/A |
| Score : N/A |
| Rank : N/A |
| Score : N/A |
| Rank : 16/133 |
| Score : 66/100 |