Changes to the wire transfers regulations

Proposed changes

The proposed changes include:

• Virtual Asset Service Providers being added as a payment service provider under the Wire Transfer Regulations
• Money or Value Transfer Services being added as a payment service provider under the Wire Transfer Regulations
• provide an exemption from the obligations of the Wire Transfer Regulations regarding below de minimis transfers of virtual assets, subject to certain conditions being met

Consultation regarding amendments to the EU Legislation (Information Accompanying Transfers of Funds) (Jersey) Regulations 2017

Data protection

The information you provide will be processed in compliance with the Data Protection (Jersey) Law 2018. For more information, see the Department for the Economy privacy notices and retention schedule. 

Under the Freedom of Information (Jersey) Law 2011, information submitted to this consultation may be released if a Freedom of Information (FOI) request requires it, but no personal data may be released.