The government notes that Jersey has a long-standing commitment to upholding the highest standards in AML/CFT/CPF and that implementing these standards should be done taking a risk-based approach, balancing the need for transparency with broader policy considerations, ensuring that measures are proportionate, effective, and respectful of individual rights. With beneficial ownership information, the government comments that although increasing access to information to certain categories of person can support efforts to tackle illicit finance, it should not come at the expense of an individual’s fundamental right to privacy.
The consultation paper considers this balance and invites views from stakeholders and the wider community to shape the Jersey policy in this area. This includes consulting on the proposed definition of legitimate interest, legitimate interest test, categories of persons who may demonstrate legitimate purpose, information to be provided to legitimate interest applicants, protecting privacy and safety, exemptions from disclosure, restrictions on processing of information provided and the application process.
Responses should be submitted no later than the close of business on 30 January 2026 by post, email or online survey, using the contact details set out in the press release.
