JFSC launches regtech guide

Posted: 11/01/2024

JFSC financial crime guideThe Jersey Financial Services Commission has launched a new guide covering financial crime and regulatory technology.

The Commission says: "Regtech presents a real opportunity for Jersey. It supports the fight against financial crime, helps to facilitate high standards of business integrity and increases the capacity of firms’ compliance functions, among other benefits."   

The new guide explores how this technology can be used and some of the regulatory considerations when adopting it. 

The goal is to provide an introductory overview to this area, including:
• What regtech is 
• How regtech can be successfully applied  
• Case studies of good practice, including regtech procurement considerations.  

The guide also shows how firms can engage with the JFSC's Innovation Hub, which encourages the adoption of technology in the financial services industry. 

The guide can be found here

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