The Jersey Financial Services Commission (JFSC) is the

regulatory body A regulatory agency (regulatory body, regulator) or independent agency (independent regulatory agency) is a government authority that is responsible for exercising autonomous dominion over some area of human activity in a licensing and regula ...

for financial services in

Jersey Jersey ( , ; nrf, Jèrri, label= Jèrriais ), officially the Bailiwick of Jersey (french: Bailliage de Jersey, links=no; Jèrriais: ), is an island country and self-governing Crown Dependency near the coast of north-west France. It is the ...

. It is also the Registrar of Companies for Jersey.

History

The JFSC was set up as an independent body by law in 1998. Its responsibilities include the regulation of the banking and finance sectors, the registration of companies in Jersey, and "promoting the Island as a centre for financial services". The law was later amended to remove the latter mission. Since then, the commission has been responsible for the implementation of the gradually tighter regulation of the offshore financial activity in Jersey, under international pressure against

money laundering Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdicti ...

and

tax avoidance Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law. A tax shelter is one type of tax avoidance, and tax havens are jurisdi ...

External links

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Company registry
Jersey Financial Services Commission - 2

Leadership

Following the appointment of former Director General Martin Moloney as Secretary General of IOSCO, Jill Britton was appointed the Commission's Director General in 2021, the first woman to hold the role. Mark Hoban became Chair of the Commission in April 2020, succeeding John Eatwell.

References

{{Law-enforcement-stub Organisations based in Jersey Government agencies established in 1998 Financial services in Jersey Economy of Jersey Financial regulatory authorities