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INSIGHT: Jersey officials explain why the island’s beneficial ownership register isn’t open to the public

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BENEFICIAL OWNERSHIP: Many Crown dependencies such as Jersey have cited the European Court of Justice ruling as a reason for restricting access largely to bodies such as law enforcement agencies. “It’s for a long time been a policy position of the island to allow appropriate transparency but protecting privacy rights,” said George Pearmain, the director of financial crime strategy for the Jersey government and the head of delegation to MONEYVAL. FILE PHOTO: Court of Justice of the European Union in Luxembourg.

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NEWS: Influencer Heather ‘Razzlekhan’ Morgan sentenced to 18 months in prison for role in Bitfinex theft 

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NEWS: Swiss regulator FINMA warns of rise in crypto ‘stablecoins’ being used for money laundering

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NEWS: Eurojust to create new pan-EU body connecting judges with AML and AFC experts

By PAUL O’DONOGHUE SENIOR Jersey officials have said data privacy concerns are the reason the jurisdiction’s beneficial ownership register is not publicly available. Following a relatively positive assessment from MONEYVAL, the Council of Europe’s AML body, Jersey also said it currently has no plans to open its register up to wider public access. Currently, only…

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NEWS: Influencer Heather ‘Razzlekhan’ Morgan sentenced to 18 months in prison for role in Bitfinex theft 

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NEWS: Swiss regulator FINMA warns of rise in crypto ‘stablecoins’ being used for money laundering

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NEWS: Eurojust to create new pan-EU body connecting judges with AML and AFC experts

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