News

Jersey – JFCU - Latest guidance and FAQ’s on Consent

27/08/2021

The JFCU has issued its latest updated advice and guidance on Consent matters to assist in the preparation of reports to the FIU.

Consent regime – FAQ’s - Introduction

  1. This FAQ document (FAQs or Document)
    • Is issued by the JFCU FIU (FIU) in an effort to provide further clarity in managing the consent process.
    • Should be read in conjunction with guidance previously issued by the FIU dated 9 November 2020.
    • Is provided for general information only and does constitute legal advice, nor is it a replacement for such. Independent legal advice should be sought as required and dependent on your relevant circumstances.
    • May be revoked or amended at any time.

Assumptions

  1. In issuing the FAQs an assumption has been made that those directly concerned with its content will be familiar with:
    • Part 3 of the Proceeds of Crime (Jersey) Law 1998, as amended (POCJL) – Money Laundering.
    • Part 3 of the Terrorism (Jersey) Law 2002, as amended (TJL) – Offences relating to Terrorist
    • The relevant AML/CFT Handbook(s) issued by the JFSC; and
    • Any appropriate guidance issued by the JFSC.

The FAQs make reference primarily to consent requests made under POCJL; similar provisions are contained in the TJL.

Read more - click below:

JERSEY