Print Article

Jersey - "failure to prevent money laundering" offence, in effect from Friday 24 June 2022.


The Proceeds of Crime (Amendment No. 7) (Jersey) Law 2022 received Royal Assent and is in force on Friday, 24 June.

The amendment adds a new offence of "failure to prevent money laundering" under a new Article 35A.

This offence will mean that

  • If a customer of a financial services business in Jersey is found to have been "engaged in money laundering", then the business could also be found guilty of an offence under Article 35A
  • Unless it can prove that it "adequately maintained and applied prevention procedures concerning the activities".

Key facts

  1. The amendment shifts the evidentiary burden around policies, procedures, systems and controls.
  2. Post-Amendment No. 7, once money laundering by a customer has been established, the burden will be on the financial services business to prove that the policies and procedures were up to scratch as a defence.
  3. Amendment No. 7 also provides for the directors of a business to be caught by criminal liability where the business commits the Article 35A offence with the “consent or connivance” of a director.

See link below to the legislation.

See earlier Comsure postings


The Team

Meet the team of industry experts behind Comsure

Find out more

Latest News

Keep up to date with the very latest news from Comsure

Find out more


View our latest imagery from our news and work

Find out more


Think we can help you and your business? Chat to us today

Get In Touch

News Disclaimer

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)[]. 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]. 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