FATF status

Jersey is not on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Jersey was published in 2024. According to that Evaluation, Jersey was deemed Compliant for 23 and Largely Compliant for 16 of the FATF 40 Recommendations. It was deemed Highly Effective for 1 and Substantially Effective for 6 of the Effectiveness ratings.

Jersey has a highly developed, services-focused economy with a GDP per capita of £45,320 in 2019, where the financial services sector accounts for 40% of its Gross Value Added. Tourism and agriculture, particularly potatoes and dairy, also contribute to the economy, although tourism is seasonal. The island's status as a major offshore finance center, combined with a favorable tax environment, enhances its investment climate.

Jersey's investment climate is strengthened by its position as one of the largest offshore finance centers globally, attracting international businesses and investors. The island provides a favorable tax environment, featuring a standard corporate tax rate of 0% for most companies, while also implementing measures to enhance financial transparency and compliance with global standards.