Channel Islands: Updated CRS 2.0 guidance (Jersey)
Key updates to reflect the OECD’s revisions to CRS 2.0
The government of Jersey issued an updated version of its common reporting standard (CRS) guidance to reflect the OECD’s revisions to CRS 2.0.
Key updates include:
- Enhanced reporting requirements (Section 13)
- Amended due diligence requirements
- Expansion of reportable financial assets (Section 4.1)
- Expansion of reporting entities and reportable accounts
- New categories of excluded accounts (Section 7)
- Non-reporting financial institutions
Read an April 2026 report prepared by the KPMG member firm in the Channel Islands