blog.gov.jeThe annual rate of inflation is unchanged at 12.7% – relatively good news for Jersey, but what does it mean?
Category: Economy
Inflation – has it peaked?
Opportunity through Connectivity
Posted on — Categories Culture, Economy, External Relations, Ports of Jersey, Retail, Tourism, Transport
Last Saturday, for the first time since Brexit, a Condor ferry and a Manche-Iles Express ferry arrived from Granville carrying passengers who didn’t all have French passports. This didn’t stop them enjoying the day in Jersey, however, as those French citizens travelling only with their national ID cards were able to take advantage of a … Read more Opportunity through Connectivity
Combatting Financial Crime Together: Suspicious Activity Reports
Posted on — Categories Combatting Financial Crime, Economy, Finance, Tags Combatting Financial Crime, SARs, Suspicious Activity Reports
The Jersey Financial Investigation Unit has just published the latest quarterly results of Suspicious Activity Reports (SARs), giving a detailed overview of the kinds of reports received from the industry. More detailed SARs forms were introduced early last year and, as a result, much more in-depth analysis is possible, including: The information contained in SARs … Read more Combatting Financial Crime Together: Suspicious Activity Reports
Jersey Resilience: New Civil Contingencies Law to be prioritised
Posted on — Categories Agriculture, Community, Economy, External Relations, Retail, Safety, Transport
The Government of Jersey takes the resilience of the Island very seriously indeed and is constantly reviewing how it is assessing the challenges ahead and learning from those which we have recently faced. For example, the Report of the Jersey Independent COVID-19 Review, High Expectations, contained a number of recommendations aimed at ensuring that civil … Read more Jersey Resilience: New Civil Contingencies Law to be prioritised
GST and the Community Costs Bonus
With the introduction of GST at 3% in 2008, the government of the day provided for 3 sets of compensating measures. Tax allowances were increased over and above the usual annual uplift, to benefit all taxpayers Income Support payments linked to household spending were increased by 3%. For households that did not pay tax and … Read more GST and the Community Costs Bonus
Combatting Financial Crime Together: Risk – summary of event held on 28 Sept 2022
Business Risk Assessments are the foundation of any Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) strategy.
Mini budget question and answers with Deputy Steve Ahier
Following last week’s launch of the mini budget we have seen lots of questions from the public and wanted to show we are listening to them. The mini budget is part of the Council of Ministers’100 Day Plan. Deputy Steve Ahier, Assistant Treasury Minister answered some of those questions. When will this all happen then? … Read more Mini budget question and answers with Deputy Steve Ahier
Risky (virtual asset) business?
To its supporters cryptocurrency (or virtual assets, aka VAs) is a brave new world, a digital asset that exists across computer networks, outside the control of governments and central authorities, bringing cheaper and faster money transfers for those otherwise excluded from the financial system. To its detractors it is a bubble waiting to burst, or … Read more Risky (virtual asset) business?
Protecting non-profit organisations from criminals and terrorists
While the NPO sector presents medium to low risk of being abused or misused for terrorist financing, the law has been updated with the aim of protecting them from the risk.
Russian sanctions: can you sanction Crypto?
Sanctions imposed by the UK and Jersey against entities and individuals in Russia and Belarus apply to cryptoassets (see the OFSI, FCA and Bank of England Joint statement ). Which leads to the question: When is an asset a cryptoasset? The simple answer – which may not help a great deal – is that there … Read more Russian sanctions: can you sanction Crypto?