The Government of Jersey has tabled a draft Bill establishing a new central register of beneficial owners, controllers and significant persons.
The draft legislation, Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020, is in response to the findings in the 2016 MONEYVAL report, regarding Jersey's compliance with Financial Action Task Force (FATF) recommendations.
The proposed legislation is likely be in force by the end of 2020 and will adopt the recommendations and enhance the existing beneficial ownership and control requirements.
According to Ian Rumens, global executive director...
