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Despite efforts in recent years to boost the effectiveness of its anti-money laundering regime, Jersey's use of financial intelligence, enforcement of AML rules and efforts to prosecute financial criminals require further improvement, an intergovernmental group said Wednesday. In a 344-page mutual evaluation report, Moneyval, the Financial Action Task Force's affiliate in Europe, commended the U.K. Crown Dependency for reaching comparatively high levels of beneficial ownership transparency, having a thorough understanding of the financial crime-related risks the island faces and cooperating effectively with international partners. But the group raised concerns over a lack of prosecutions into "large-scale" money laundering schemes involving...