In January 1998 the United Kingdom Home Office announced a review of the laws, systems and practices in Guernsey, Jersey and the Isle of Man for :
- "regulating banking, insurance and financial services business and collaborating with overseas regulators;
- deterring, investigating and punishing financial crime, including money laundering and fiscal offences, particularly cases with an international dimension; and
- registering companies.
with a view to assessing the contribution which they make to the economic and social well-being of the Islands themselves and of the United Kingdom."
The Home Office appointed Mr. Andrew Edwards, a former HM Treasury official, to conduct the review.
The review was conducted with the authorities in each of the Islands and led to the publication of a report ("the Edwards Report") on 19 November 1998.
We have provided links to view/download the Report here.