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ARTICLE · 18 MARCH 2024

Latest News On The Draft Cyber Security Law For Jersey

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In the Government of Jersey's National Risk Assessment, the most recent update for which was published in September 2023 (NRA), it identified that Jersey represents 1.35%...

JerseyFinance and Banking
Matthew Shaxson
Matthew Shaxson
Tom Hall
Tom Hall
Andy Carpenter
Andy Carpenter
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The prime strategic threat to Jersey as a leading international finance centre is financial crime.

This was the view shared by Jonathan Groom MBE, director of the Financial Intelligence United for Jersey (FIU) in his opening address at the FIU's recent partnership and collaboration event.

In the Government of Jersey's National Risk Assessment, the most recent update for which was published in September 2023 (NRA), it identified that Jersey represents 1.35% of the global market for cross-border financial services. The importance of the banking and financial services sector, including legal and accountancy services, to Jersey's economy cannot be overstated – in 2021, it accounted for some 37.5% of Jersey's total Gross Value Added output and 22% of employment.1

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