Jersey: Finance and Banking

The Crown Dependencies' regulators have jointly proposed a coordinated framework to combat authorised push payment fraud, where criminals deceive victims into transferring money under false pretences. The framework addresses prevention measures, customer protection standards, and reimbursement regimes while diverging from UK and EU approaches by not implementing inter-bank cost sharing. Financial institutions operating across Jersey, Guernsey, and the Isle of Man will need to enhance their fraud detection s