By Paul O’Donoghue
MONEYVAL has given Jersey a broadly positive review in its latest in-depth assessment, saying the British Crown Dependency has significantly strengthened its legal and regulatory system to combat money laundering.
However, the organisation said while the jurisdiction now has a strong AML framework in place, it warned that Jersey’s improved rating is largely reliant on technical compliance and the island must put a greater focus on practical AML steps.
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