JERSEY - Changes to the Money Laundering Order [consultation]
JERSEYGOV has issued a consultation seeking views on proposed changes to the Money Laundering (Jersey) Order 2008 (MLO).
INTRO TO PROPOSED CHANGES
- To better align the legislative anti-money laundering (AML) and countering the financing of terrorism (CFT) regime with the terminology and requirements under international AML/CFT standards or international best practices, the Government of Jersey is proposing to make some amendments to the Money Laundering (Jersey) Order 2008 (the "MLO").
- The proposed amendments aim to align, clarify, or expand existing provisions in the MLO.
PROPOSED CHANGES [NOT EXHAUSTIVE]
- The additional obligations imposed on financial groups regarding group-wide policies and procedures also apply to groups of designated non-financial businesses and professions.
- After a certain period, the declassification of Politically Exposed Persons is
- Consultation regarding amendments to the Money Laundering (Jersey) Order 2008
- Draft Money Laundering (Amendment No. 12) (Jersey) Order 202-
- Draft Money Laundering (Amendment No. 12) (Jersey) Order 202- Explanatory Note
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