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

Premium July 24, 2024

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: ING Spain gets €3.9M fine for ‘very serious’ AML failings

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NEWS: US Senators demand Treasury explain neutering of beneficial ownership reporting (BOI)

NEWS: Bally’s offers to buy Star Entertainment after AML issues

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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Premium

NEWS: ING Spain gets €3.9M fine for ‘very serious’ AML failings

 Premium

NEWS: US Senators demand Treasury explain neutering of beneficial ownership reporting (BOI)

NEWS: Bally’s offers to buy Star Entertainment after AML issues

Regulatory Watch News

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    Securities and Futures Commission

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  • Fraudulent websites and internet banking login screens related to Industrial and Commercial Bank of China (Asia) Limited

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