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ADVANCE NOTICE OF CHANGES TO SUSPICIOUS ACTIVITY REPORTING TEMPLATES ON POLSAR PROPOSED EARLY Q1 2022:

16/11/2021

Are you the Money Laundering Reporting Officer (MLRO) or Deputy MLRO within your organisation?

If so the purpose of this post is to give you advance notice about changes to information submitted through POLSAR, from early Q1 2022 and as follows:

  • The current SAR Template,
  • Continuation Report and
  • Miscellaneous Information Report (Templates),

The changes being made to the Templates are the first for several years and focus primarily on the requirement for more compulsory field completion and detailed submission of matters which relate to Consent for an Act under Article 32 of the POCJL.

The changes to the Templates will allow for increased functionality of the JFIU in processing reports; and also better data recording allowing for increased statistical reporting of trends and typologies back to industry.

The changes proposed to the Templates have been subject a SAR Template Working Group consisting of members of the JFIU and a selected working group of local MLROs.

The JFIU will keep those charged with reporting suspicious activity to the JFIU via POLSAR up to date with regular communications.

https://www.linkedin.com/posts/jersey-financial-intelligence-unit-fiu_advance-notice-of-changes-to-suspicious-activity-activity-6866012907453353984-Y9s2

JERSEY