Jersey has been placed at the top of the league of the 120 jurisdictions whose anti-money laundering measures are assessed by the International Monetary Fund.

It has been announced that the island has passed the latest IMF inspection of its financial sector regulation with flying colours.

The comprehensive inspection was carried out in October and November 2008 by a team of six assessors.

Their report, the main section of which runs to over 320 pages, says that the island is second to none in terms of compliance with the Financial Action Task Force