Print Article

Jersey’s AML Handbook to be updated and is out for consultation now [closes 13 January – live July 2023]


There is a lot to unpack but the headline is that there is more, more, more:

  1. On understanding and documenting the purpose of a customer relationship
  2. On the nature and purpose of a customer’s business activities
  3. On sanctions screening AND monitoring effectiveness of sanctions controls
  4. Data to be reported in SAR forms, SAR registers and separate registers for Continuation Reports
  5. Background checks on employees (for Investment Business)
  6. Recordkeeping
  7. Specific Business Risk Assessments
  8. Authority for the JFSC in enforcing supervisory risk data questionnaire responses (this wasn’t previously defined!)
  9. Categories of higher risk businesses added (for Accountants to consider)
  10. Documentary evidence to be obtained on source of funds (for clients of Lawyers)

Deadline for providing feedback is 13 January –

It is currently the JFSC's intention that all changes will become effective in July 2023

The consultation is here

Finalised changes to the Handbook arising from this consultation will be amalgamated with those from the recent follow-on consultation on AML/CFT scope exemptions.



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