Council of Europe urges Jersey to up anti-money laundering efforts [Video]

The pan-European rights body Council of Europe called Wednesday on Jersey to enhance its implementation of anti-money laundering measures as it recognised the island’s strengthened legal framework.

A British Crown dependency that manages its internal affairs autonomously, Jersey is a low tax jurisdiction that has an outsized offshore financial services sector.

While getting caught up in the 2017 Paradise Papers leak of confidential banking documents that showed companies like Apple and Nike as well as celebritiessuch as Formula One champion Lewis Hamilton used Jersey to lower …