In The Ring, Round 2: Transparency v Right To Confidentiality

In Round 2 of our series of 3 articles on Jersey's approach to the concept of transparency in respect of beneficial ownership information, we discuss the instances in which Jersey keeps matters confidential out of respect for the legitimacy of arrangements such as discretionary trusts.  In Round 3, we will provide an insight into the tension that exists between making details of beneficial ownership available to the public (as in the United Kingdom) and the rights of beneficial owners and how this interacts with the principles of transparency.

 THE BUILD UP

New wealth. Flexibility.  Professionally qualified and well-regulated trustees providing sophisticated levels of protection for beneficiaries.  Tax neutrality.  Global wealth preservation.  No registration required.  Internationally renowned legal and regulatory system.  These are just a few of the reasons which are used to promote Jersey's trusts industry as an attractive, safe and reputable one.