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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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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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BREAKING: FATF confirms new ‘greylist’ rules, aimed at helping poorer countries

 Premium

NEWS: Police take down Dutch gang which stole millions by blowing up ATMs

 Premium

NEWS: Smugglers make $300M taking migrants along deadly Central Mediterranean route, says UN

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