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Why does the EU organisation “Moneyval” assess Jersey and other crown dependencies?


Moneyval is a permanent monitoring body of the Council of Europe that evaluates the compliance of its member states and territories with international standards to counter money laundering and the financing of terrorism.

The Committee of Ministers of the Council of Europe, following a request by the United Kingdom, being responsible for the international relations of the Crown Dependencies of Guernsey, Jersey, and the Isle of Man, has adopted a resolution which allows the 3 United Kingdom Crown Dependencies to participate fully in the evaluation processes of MONEYVAL and to become subject to its procedures.

Jersey and other crown dependencies are not members of the European Union, but the United Kingdom is responsible for their international relations [see below].

Therefore, the UK has requested the crown dependencies to participate fully in the evaluation processes of Moneyval and to become subject to its procedures. In doing so, the crown dependencies can demonstrate their commitment to the global AML/CFT standards and benefit from the peer review and feedback from an independent body [namely Moneyval].


Crown Dependencies

The Crown Dependencies are the Bailiwick of Jersey, the Bailiwick of Guernsey (which includes the jurisdictions of Guernsey, Alderney and Sark) and the Isle of Man.

The Crown Dependencies are not part of the UK but are self-governing dependencies of the Crown. This means they have their own directly elected legislative assemblies, administrative, fiscal and legal systems and courts of law. They are not represented in the UK parliament.

The constitutional relationship of the Islands with the UK is through the Crown and is not enshrined in a formal constitutional document.

HM Government is responsible for the defence and international relations of the Islands. The Crown, acting through the Privy Council, is ultimately responsible for ensuring their good government.

The Queen is the Head of State of each Island and the Lieutenant-Governor for each Crown Dependency is Her Majesty’s personal representative.

The Lord Chancellor and Secretary of State for Justice is the Privy Counsellor with special responsibility for Island Affairs and is supported by a Ministry of Justice Minister who is responsible for the conduct of Islands’ business within Whitehall.

The Ministry of Justice is responsible for managing the constitutional relationship with the Crown Dependencies, which involves a variety of different responsibilities including involvement in key Crown Appointments, processing their legislation for Royal Assent and issuing Letters of Entrustment authorising Crown Dependency Governments to negotiate and conclude international agreements.

All UK Government Departments are responsible for engaging directly with the Crown Dependencies on their policy areas.

The Government Response to the 2014 Justice Select Committee Report on the Crown Dependencies contains information on how Government Departments should consult Crown Dependencies on relevant issues.

In consultation with the islands, we have produced a fact sheet and ‘How to’ notes on working with the Crown Dependencies (including information on how Government Departments should consult Crown Dependencies on relevant issues).

This can be found above with other key Crown Dependencies documents.


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