Report reflects Island’s success

Thursday 17th June 2010, 3:00PM BST.

The commission’s director-general, John Harris

THE annual report of the Jersey Financial Services Commission looks back on 2009 as a year in which the Island’s reputation as a sound, reliable and well-regulated offshore jurisdiction was reinforced.

Both the commission’s chairman, Clive Jones, and its director general, John Harris, use their contributions to the report to point out that the results of the International Monetary Fund’s inspection of Jersey were highly favourable, effectively putting the Island at the top of the international regulatory league table.

Jersey, they reiterate, was found to be compliant with 44 of the 49 recommendations set out by the Financial Action Task Force. It was, moreover, compliant with 15 of the 16 FATF core recommendations.

Mr Jones wrote: ‘Overall, 2009 was a year in which the reputation of Jersey in respect of regulatory matters was both advanced and protected.’

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1
Outsider

June 17, 2010 at 6:41 pm

I’d love to see how Delaware fairs in similar tests…

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2
A

June 17, 2010 at 10:39 pm

even Al Capone was well regulated

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