Consultation on merging and changes the JFSC AML/CFT Handbooks
02/11/2021
Last month, the JFSC announced they would be consulting Industry on proposed changes to the JFSC AML/CFT Handbooks. And now they have launched their consultation with the deadline for feedback on 7 January 2022.
- Read the JFSC consultation - https://www.jerseyfsc.org/industry/consultations/consultation-on-draft-amlcft-handbook-no7-2021/
- View the proposed Consolidated Handbook. https://www.jerseyfsc.org/media/4946/draft-handbook-consultation-no7.pdf
The JFSC proposal deals with the following x3 matters:
- Merge into one Consolidated Handbook:
- Handbook for regulated financial services business,
- Handbook for the accountancy sector,
- Handbook for the legal sector and H
- Handbook for estate agents and high value dealers
- Extend the scope of the AML/CFT Codes of Practice and guidance notes to cover all supervised persons.
- Add new AML/CFT Codes of Practice in respect of electronic identification (E-ID), electronic statements/utility bills and certification of documents.
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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.