The Government of Jersey has reported on the publishing of a new guide covering, ‘Best Practices on Beneficial Ownership for Legal Persons’, which highlights Jersey as an example of best practice.

The Financial Action Task Force (FATF) report identifies challenges facing countries such as ensuring the beneficial owners of companies are identified and what key features an effective regime should have.

You can read the Government of Jersey’s full release and a statement from the Minister for External Relations, Senator Ian Gorst, here.

The FATF guide can be viewed here.