Beneficial Ownership

We are proud of our global leadership in tax cooperation, combatting money laundering and countering the financing of terrorism and in providing appropriate and effective transparency.

A centralised and secure beneficial ownership register is intended to minimise the risk of financial institutions being used for money laundering, terrorist financing, economic crime and other illegal activities.

Here you can discover more about Jersey’s beneficial ownership regulation and the importance of a transparent and secure system.

International standards on collecting information on the beneficial owners are constantly changing and Jersey has committed to remaining aligned with international standards in this area as they develop.

In 2019, the Crown Dependencies (Jersey, Guernsey and the Isle of Man) made a public commitment concerning registers of beneficial ownership of companies, and committed to providing access to obliged entities for the purpose of conducting customer due diligence by the end of 2022.  However, a subsequent judgement by the Court of Justice of the European Union impacts some of the proposed considerations, namely around implementing the public commitment due to factors around data protection and human rights.

In December 2022, as set out in the Government of Jersey’s Consultation Response and Policy Paper, Jersey confirmed the planned implementation of this legislation will be delayed for a short period to enable consideration of this judgement’s impact and to obtain specialist legal advice. Subject to that advice, Jersey confirmed its intention is to adopt legislation as soon as possible after this time.