Jersey FIU MONEYVAL Preparations and Update
24/02/2023
On the 31 January 2023 Radisson Hotel Detective Sergeant Mike Fitzgerald presented on the FIU MONEYVAL Preparations and other changes – these matters follow and are linked below
FIU Structure and Legislation
- The Jersey FIU becomes an autonomous and operationally independent FIU (POCJL/FIU Regs)
- New civil servant Director of FIU appointed, who joins the team on 13th February 2023, all other Police Officer roles to be phased out (1 remaining)
- Director will report into a Governance Board overseen by the Minister
- Director reports annually to the board on Jersey FIU effectiveness
- ‘Designated Police Officer’ authority will be amended to ‘Consent of the FIU’
RESOURCES
- Extensive 2022 recruitment process almost complete following uplift in funding from the GOJ
- Excellent response and a variety of skills and backgrounds now enhancing the FIU team from the finance industry
- Recruitment programme increases staff numbers from 16 to 30 (7 vacancies remaining across the structure)
- Operations Manager (Deputy Director), Comms Assistant, Trainee FIOs, Senior Strategic Analyst, Business Support Officers (admin), Shared IT support
SAR TEMPLATE UPDATES
- Update to Legal Persons/Legal Arrangements tab, 1 February 2023
- Exemptions removal (allowing multiple reporters in one SAR)
- Instant feedback on standard of SAR submissions (template end of Q1 2023)
- Outreach to industry (F2F Social Media)
EXEMPTIONS UPDATE
- Law enacted January 2023
- Enforcement begins July 2023
- Jersey FIU working with JFSC to prepare for law changes and new reporters
- Changes to SAR POLSAR template to facilitate changes and different reporting sectors as per new legislation
FIU structure update by DS Fitzgerald on YouTube (9:59) = https://www.youtube.com/watch?v=xWNXofZtdxc
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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.