Examinations

Examination programme for 2025

We conduct thematic examinations in response to perceived, current or emerging regulatory risks. Themes are selected for consideration and review across a range of entities and individuals from either the same sector or across different sectors. This enables the standard of compliance and associated risks on the topic to be assessed more broadly.

Examinations can be conducted through questionnaires, in-depth examinations, desk-based activity or a combination of these methods.

In 2025, our Supervision Examinations Unit (SEU) will examine the following themes:

• conflicts of interest (continued from 2024 – see conflicts of interest thematic examination: questionnaire — Jersey Financial Services Commission)
• suspicious activity reporting
• outsourcing arrangements

Thematic assessment visits (TAVs)

We will also be undertaking TAVs, which follow a similar methodology to our thematic examinations but are narrower in scope and sector-specific in focus.

The programme for 2025 will be led by the Supervision teams and will be focused on:

• banking – fraud controls and response (extension of 2024 TAVs)
• fund services business – transaction monitoring
• trust company services providers – transaction monitoring
• investment business – fees, charges and commissions
• accountants – customer risk assessment
• prescribed non-profit organisations (NPOs) – proportionate risk-based measures to mitigate the risk of NPOs being misused for terrorist financing purposes.
• virtual asset service providers (VASPS) – the travel rule

As we approach two years since the introduction of anti-money laundering services providers (AMLSPs), we will also be undertaking a TAV to evaluate the practical measures that AMLSPs have put in place to comply with the AML/CFT/CPF Codes of Practice set out in Section 18 of the AML/CFT/CPF Handbook.

If your business is selected for an examination, we will contact you to provide further details about the examination process. If you have any questions about any of the examinations, please contact your Supervisor.

See our 2025 examinations programme in more detail.