News

BE PREPARED FOR JFSC QUESTION ON MALTA

25/06/2021

Further to the MALTA FATF grey list news below and knowing the JFSC took interest in the Cayman when they were grey listed, as noted here

- In March 2021 the JFSC asked:- "Connections to the Cayman Islands to provide their supervisor with their proposed plan of action and timescales for completion by the end of March".

- https://www.jerseyfsc.org/news-and-events/2021-updates-to-the-amlcft-handbook-appendices/

So in anticipation of a possible question from the JFSC you should be checking on any client connections with Malta. Also if you do find a connection you may need to think about EDD

https://www.comsuregroup.com/news/malta-put-on-the-fatf-naughty-grey-list-with-mauritius-and-cayman-and-many-others/

JERSEY