And Jersey Finance says that the result would help to answer critics who contend that the Island is a secretive and unco-operative jurisdiction.

The Global Forum on transparency and exchange of information for tax purposes said that Jersey complied with six of the nine areas under review.

The forum’s peer group is responsible for monitoring and reviewing the implementation of the international standards.

It conducted a two-phase review of the Island’s legal and regulatory framework, and where there were gaps in the framework, the assessors said that did not prevent Jersey from engaging in effective information exchange.

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