JFIU new proliferation financing typology released🔥
30/09/2025
In line with the FIU's aim to enhance understanding of the risks posed to Jersey, as an IFC, the JFIU published its fifth Proliferation Financing typology.
👉This typology examines a fictional case of a Jersey Trust and Company Service Provider (TCSP) who had been providing Registered Office and secretary services to a mining business establishing a company and trust for tax-efficient purposes.
👉 The significant risks posed to TCSPs of being exploited for PF due to their role in setting up and managing legal entities and providing services are often used to create complex Corporate Structures, Shell Companies and Trusts that obscure the identities of those involved, enabling bad actors to facilitate illicit Financial Flows and in this case, the proliferation of dual-use goods which could be used for the manufacture of Weapons of Mass Destruction (WMDs).
This typology looks at various concerns regarding:
👉 Proper Client Due Diligence (CDD) and Enhanced Due Diligence (EDD).
👉 Risks associated with dealing with Complex Structures and understanding the true Beneficial Ownership
👉 Understanding PEP links and State Ownership risks.
👉 Businesses operating in high-risk jurisdictions, and in the sector, which itself is considered higher risk.
👉 The proliferation of Dual Use Goods.
Please read the complete typology below, or download it here: https://go.fiu.je/Typo15
⭐️ All FIU PF typologies can be accessed via the following links:
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.