Economy – Page 5 – Official Government of Jersey Blog

Kristina Moore 17 January 2023 —

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

Sue Duhamel 18 November 2022 —,

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

George Pearmain 16 November 2022 —,

Business Risk Assessments are the foundation of any Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) strategy.

Steve Ahier 12 August 2022 —,

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

George Pearmain 27 May 2022 —

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?

George Pearmain 28 April 2022 —,

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.

George Pearmain 25 March 2022 —,

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?

George Pearmain 15 March 2022 —,

The economic measures imposed on Russia following the invasion of Ukraine last month are already the largest package of sanctions ever imposed against a G20 nation, and there are more to come. Before the invasion, more than 250 Russian individuals and entities were designated for an asset freeze. In the week afterwards, a little over … Read more Russian sanctions: the impact so far

George Pearmain 17 February 2022 —

How do you catch criminals? More exactly, how do you catch people using the financial system to shift, grow and conceal criminal assets? First, you have to know what they’re doing. A proposal lodged this week will, if approved by the States of Jersey (the Island’s Parliament), boost our ability to track those trying to … Read more Increase Your (Financial) Intelligence

Sir Philip Bailhache 18 April 2017 —

A key policy objective of the Government of Jersey is to ensure that the Island’s interests are represented at an international level. By developing our relationships with UK, European and international bodies we reinforce the message that Jersey is a cooperative partner, a good neighbour and, as an international finance centre, a well-regulated jurisdiction complying … Read more Stable, transparent and well-regulated: maintaining Jersey’s international reputation

Category: Economy

Jersey Resilience: New Civil Contingencies Law to be prioritised

GST and the Community Costs Bonus

Combatting Financial Crime Together: Risk – summary of event held on 28 Sept 2022

Mini budget question and answers with Deputy Steve Ahier

Risky (virtual asset) business?

Protecting non-profit organisations from criminals and terrorists

Russian sanctions: can you sanction Crypto?

Russian sanctions: the impact so far

Increase Your (Financial) Intelligence

Stable, transparent and well-regulated: maintaining Jersey’s international reputation

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