Jersey sanctions alerts – have you signed up?
The JFSC is emailing those people that they do not think have signed up for the sanctions alerts [see extract immediately below]
- Our records indicate your organisation
- has not yet signed up for sanctions notifications in accordance with the new Code requirement and
- therefore appears to be in breach of Section 6.2.2 of the AML/CFT/CPF.
The JFSC email [below] reminds the reader what is required.
However, some recipients in receipt of the message have registered. If this is you, what you must do is record your evidence of sign up J
THE JFSC EMAIL IS HERE
From: No-Reply <No-Reply@jerseyfsc.org>
Sent: Friday, August 25, 2023
Subject: New sanctions compliance obligations in effect from 1 July 2023
New sanctions compliance obligations in effect from 1 July 2023.
We emailed you on 21 June 2023 to notify you that with effect from 1 July 2023 all Supervised Persons are subject to updated mandatory AML/CFT/CPF Handbook Codes of Practice related to sanctions compliance under Section 6.2.2: https://linkscan.io/scan/ux/aHR0cHM6Ly93d3cuamVyc2V5ZnNjLm9yZy9tZWRpYS82NTQ4L3NlY3Rpb24tNi1vbmdvaW5nLW1vbml0b3JpbmcucGRm/85305967A86FDF5CEB788C5D44F4661D4CEB60FDF7AC013D8ECDE3410B4D5F40?c=1&i=1&docs=1
- A supervised person must undertake sanctions screening for all business relationships and one-off transactions. This screening must include the customer, any beneficial owners and controllers and other associated parties. The screening must be carried out at the time of take-on, periodic review and when there is a trigger event, i.e., amendments made to the sanctions designations lists.
- A supervised person must sign up to receive sanctions e-mail alerts from the JFSC and sanctions notices from the Government of Jersey, which are publicly available on the Jersey Gazette.
- A supervised person must ensure their sanctions monitoring arrangements include an assessment of the effectiveness of their sanctions’ controls and their compliance with the Jersey sanctions regime.
Our records indicate your organisation has not yet signed up for sanctions notifications in accordance with the new Code requirement and therefore appears to be in breach of Section 6.2.2 of the AML/CFT/CPF Handbook. If you have not yet signed up for the sanctions notifications, please arrange for your organisation to do this without further delay.
Please use the links below to sign up for the sanctions notifications:
- the JFSC Sanctions Alerts Registration (jerseyfsc.org)
- the Government of Jersey Sanctions Notices Registration (gov.je)
Meet the team of industry experts behind ComsureFind out more
Keep up to date with the very latest news from ComsureFind out more
View our latest imagery from our news and workFind out more
Think we can help you and your business? Chat to us todayGet In Touch
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 firstname.lastname@example.org.