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Jersey’s financial industry has always had a strong influence over the island’s economy. Over the last few decades the sector has grown significantly, taking over from traditional industries and making Jersey an international business environment.The island’s self-government as a British Crown Dependency gives it independence as a financial centre ideally located close to both the UK and to mainland Europe. As such, it offers attractive benefits for investors and businesses.As well as banking, Jersey offers trust and company management, fund management, accountancy and legal services. The industry employs around a quarter of the island’s total workforce and provides more than half of the economic income.Financial services are subject to stringent controls from the Jersey Financial Services Commission (JFSC) and the market is well-regulated. The JFSC supervises and helps develop the industry. It has an anti-money laundering strategy to combat fraud in the island’s financial sector and help prevent the funding of terrorism.Jersey’s currency is both the Jersey pound (£) and the British pound which are valued identically. All major currencies can be used for financial transactions on the island.
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