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's economy is highly developed and predominantly services-oriented, with the financial services sector contributing 40% to its Gross Value Added (GVA). The island also benefits from a robust tourism industry and a mixed market economy, characterized by high living costs and a low unemployment rate of approximately 5.98% as of 2023.

Jersey boasts a favorable investment climate, highlighted by low asset taxation and a robust regulatory framework that supports its financial services sector. The island's status as a tax haven has attracted international businesses, while the government actively promotes foreign investment in finance, technology, and tourism, all bolstered by its strategic location and strong infrastructure.