•JFSC director-general Jill Britton Picture: MAX BURNETT
‘Significant increase’ in activity for JFSC, according to annual report
THE Jersey Financial Services Commission saw a ‘significant increase’ in activity last year as it and other agencies continued to prepare for a key assessment of the Island’s effectiveness in fighting crime.
In the organisation’s recently published annual report for 2022, director-general Jill Britton wrote: ‘Preparing for any international assessment creates pressures and challenges, but it is an excellent opportunity to ensure we have completed any outstanding work ahead of the MONEY- VAL assessment team arriving later in 2023.’ She added: ‘It also provides Jersey with an opportunity to review the progress we have made as we ensure that Jersey continues to be a leading international finance centre.’ Ms Britton said 2022 saw a ‘significant increase in the volume of activity both internally and in co-operation with government and other external agencies’.
‘These combined efforts resulted in the successful delivery of a wide range of new regulatory frameworks and regimes required to meet stakeholder needs and keep pace with increasing international regulatory requirements,’ she added.
Ms Britton continued: ‘Over the course of the year, we increased our engagement programme across Jersey and internationally. We have hosted numerous events and webinars and post regular news messages on our website.
‘We have our international and domestic outreach schedule, which we often undertake in collaboration with the government and agencies as we all seek to protect Jersey.
‘This engagement helps us stay close to the requirement for Jersey to be doing business competitively whilst consistently meeting international standards.’
In the organisation’s recently published annual report for 2022, director-general Jill Britton wrote: ‘Preparing for any international assessment creates pressures and challenges, but it is an excellent opportunity to ensure we have completed any outstanding work ahead of the MONEY- VAL assessment team arriving later in 2023.’ She added: ‘It also provides Jersey with an opportunity to review the progress we have made as we ensure that Jersey continues to be a leading international finance centre.’ Ms Britton said 2022 saw a ‘significant increase in the volume of activity both internally and in co-operation with government and other external agencies’.
‘These combined efforts resulted in the successful delivery of a wide range of new regulatory frameworks and regimes required to meet stakeholder needs and keep pace with increasing international regulatory requirements,’ she added.
Ms Britton continued: ‘Over the course of the year, we increased our engagement programme across Jersey and internationally. We have hosted numerous events and webinars and post regular news messages on our website.
‘We have our international and domestic outreach schedule, which we often undertake in collaboration with the government and agencies as we all seek to protect Jersey.
‘This engagement helps us stay close to the requirement for Jersey to be doing business competitively whilst consistently meeting international standards.’