Jersey Completes Multi-Jurisdictional Review of Exchange of Notes on Beneficial Ownership

Monday 30 April 09:39

The Chief Minister of Jersey, Senator Ian Gorst, has presented a report to the States Assembly confirming that the Island has cooperated fully in a review of the arrangements for the Exchange of Notes on Beneficial Ownership between the United Kingdom, Crown Dependencies and Overseas Territories.

Jersey’s participation in this process follows a commitment made in 2016 between the UK, six of the Overseas Territories, and all of the Crown Dependencies to enhance the effectiveness of law enforcement cooperation through the sharing of beneficial ownership information.

Jersey was fully involved in this review, during which time all participating authorities in Jersey and the UK reiterated their commitment to the effective operation of the Exchange of Notes with the aim of exchanging adequate, accurate and current information on beneficial ownership to help combat tax evasion, money laundering and corruption.

This review, and the Exchange of Notes arrangements, builds on many years of co-operation between Jersey and the United Kingdom in the exchange of information on beneficial ownership of legal entities and legal arrangements.

After signing the Exchange of Notes in 2016, the Government of Jersey took the decision to refresh the Island’s long-standing central register of beneficial ownership information, along with the introduction of a requirement to update the register within 21 days of a change of beneficial ownership. This has ensured that the most adequate, accurate and current information is able to be exchanged quickly with the relevant law enforcement and tax authorities, in pursuit of the worldwide fight against financial crime.

Click HERE to read the Report to the States Assembly.


  • Subsidised Skills Training for Employees Business Licensing | Social Security Department | States of Jersey

    › read more
  • Building a Foundation: Working with the Voluntary and Community Sector Where: St. Pauls Centre When: Wednesday 26th September Time: 1pm to 4pm Cost: FREE

    › read more
  • Ibex Education - Excel Introduction

    › read more
  • Ibex Education - Excel at Intermediate Level

    › read more
  • Ibex Education - Excel at Advanced Level

    › read more
  • Marbral Advisory - Blockchain for lawyers Early Bird: €75.00 - Standard: €115.00

    › read more
  • Marbral Advisory - Blockchain Basics Early Bird: €75.00 - Standard: €115.00

    › read more
  • A Very Special Evening of Celebration! - Jersey Chamber of Commerce 250th Gala Event You are Invited to a Very Special Evening of Celebration!

    › read more
  • GTA Guernsey - IoD Accelerated Company Direction Programme Course Cost: £5,750.00 | Course Length: 5 days (generally 08:30-19:00)12-16 November 2018 |

    › read more
  • Jersey Business - Enterprise Week 2018 FREE EVENT

    › read more

Chamber Knowledgebase

Our frequently asked questions

Contact Magazine

Click here to view the latest digital issue of the Channel Islands Business Magazine.

Jersey Airport / Harbours

The latest arrivals and departures, select a link above

Charity of Choice 2018

Click here to learn more about the vital work of the Jersey Employment Trust and how you can help.

The Benefits of Membership

Networking opportunities, including our popular luncheons
Topical seminar programme
Support and guidance on doing business in Jersey

And become one of over 500 member businesses supporting Chamber in its aim of ensuring that local business is at the heart of a thriving and diverse local economy.

Call 01534 724536
› About Chamber

Copyright © Jersey Chamber 2012 - The Jersey Chamber of Commerce welcomes your comments and views. However, the posting of comments is subject to our terms which can be read here. Comments posted by users of this site are not the Chamber's comments nor do they represent the views of the Jersey Chamber of Commerce.

↑ Back to top