The Government of Jersey is undertaking an NRA [risk assessment] of legal persons and arrangements.
The Government of Jersey is undertaking a NRA [risk assessment] of legal persons and arrangements which will assess the risks[*] posed by all companies, and trusts that are available in Jersey.
The risks being*
- Money laundering,
- Terrorist financing and
- Proliferation of weapons of mass destruction
THE Companies and trusts [Legal persons and arrangements (LPAs)] that are available in Jersey.
- Legal persons
- Incorporated cell company (ICC)
- Protected Cell Company (PCC)
- Limited Liability Company (LLC)
- Limited Liability Partnerships (LLP)
- Incorporated Limited Partnerships (ILP)
- Separate Limited Partnership (SLP)
- Incorporated association
- Legal arrangements
- Express trust
- Limited partnership
- Customary law partnership
SEE MORE HERE
- Legal persons and arrangements (LPAs) (gov.je) = https://www.gov.je/Industry/Finance/FinancialCrime/Pages/LegalPersonArrangements.aspx
As per the recent communication issued by the Government of Jersey, the JFSC are INVITING all regulated trust and company service provider responsible for administering trusts to complete a questionnaire.
- Financial crime risk assessment — Jersey Financial Services Commission (jerseyfsc.org) = https://www.jerseyfsc.org/industry/financial-crime/financial-crime-risk-assessment
The Government of Jersey has issued a guidance note to assist you in providing the requested information which is available here.
The Trust questionnaire is in the form of an Excel workbook which can be accessed through
Should you have any queries relating to the completion of the questionnaire that are not covered in the guidance notes, The Government of Jersey are holding Q&A sessions at the library on the following dates:
- Tuesday 18th October- between 12 and 2pm
- Tuesday 25th October between 12 and 2pm
- Tuesday 1st November between 12 and 2pm
- Tuesday 8th November between 12 and 2pm
- Tuesday 15th November between 12 and 2pm
The Government and the JFSC are grateful for your support of this important piece of work.
Should you have any queries about how to answer the questions, please contact LPArisk@gov.je
The deadline for submissions is Wednesday 23rd November.
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