Reform of Jersey’s Reliance Framework

About the consultation

​We want your views on the proposed changes to the Money Laundering (Jersey) Order 2008 (Money Laundering Order).

You can give feedback on these proposals: 

• allowing firms to rely on a third party if that party is regulated and gives written confirmation
• allowing reliance on information about the purpose and nature of a business relationship
• adding clear rules that require firms to manage higher‑risk countries with strong group‑wide controls
• extending the definition of 'financial group' to include Designated Non-Financial Businesses and Professions (DNFBPs)​​
• updating the Money Laundering Order to better match FATF standards​

The proposed amendmen​ts​ aim to reduce friction in the process and encourage greater usage of the reliance regime to facilitate client onboarding in Jersey.

Reform of Jersey's reliance framework consultation paper

Background

In April 2025, the Government of Jersey launched the Financial Services Competitiveness Programme. This programme aims to strengthen Jersey’s position as an International Finance Centre and support the Island’s financial and professional services sector.

Workstream 2 (W2) is a key part of the programme. It focuses on practical recommendations to improve Jersey’s regulatory and business environment.

Between February and May 2025, the Government and the Jersey Financial Services Commission (JFSC) spoke with more than 200 stakeholders across the sector as part of W2. Stakeholders identified the reliance regime as an area that could be improved.

A position paper setting out potential changes to the regime was later shared with trade associations, compliance professionals and senior business leaders. This helped prepare for 3 workshops held in late 2025, where participants explored possible improvements in more detail.

Jersey remains committed to strong standards to: 

• ​​prevent money laundering
• terrorist financing
• proliferation financing
  

Feedback from the consultation and workshop discussions showed that the mandatory testing requirements in the Money Laundering Order create significant friction and are a major reason why the reliance regime is used less than intended.

We believe there is an opportunity to streamline the client onboarding process, making it easier for firms and their clients. 

We welcome your views on the proposed changes.

Consultation Paper: Jersey Reliance Reform​

Public meeting dates

​​Government and the Jersey Fin​ancial Services Commission are holding three drop-in sessions in February and March, where industry members can learn more about Jersey’s Competitiveness Programme and this consultation.
The sessions will be held at the Old Magistrate’s Court, Seale Street, on:

• Tuesday 24 February, from 10am to 12pm
• Monday 2 March, from 12pm to 1pm
• Wednesday 4 March, from 12pm to 2pm​

How to submit comments to the consultation

You can respond:

• by email: growthfs@gov.je (with a subject line FAO Simone Farrer)
• in writing to:
• ​FAO Simone Farrer 
  Department for the Economy 
  Government of Jersey 
  Union Street 
  St Helier 
  JE2 3DN

Data Protection​

The information you provide will be processed in compliance with the Data Protection (Jersey) Law 2018.

Find more information in the Department for the Economy Privacy Notice.

The Government of Jersey may quote or publish responses to this consultation but will not publish the name and addresses of individuals without consent. 

Types of publishing may include:

• sending to other interested parties on request
• sending to the Scrutiny Office
• quoting in a published report
• reporting in the media
• publishing on the Government website
• listing on a consultation summary

Confidential responses will still be included in any summary of statistical information received and views expressed.

Under the Freedom of Information (Jersey) Law 2011, information submitted to this consultation may be released if a Freedom of Information request requires it, but no personal data may be released.