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

Dear MLCO,

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)
  • https://linkscan.io/scan/ux/aHR0cHM6Ly93d3cuamVyc2V5ZnNjLm9yZy9zdWJzY3JpYmUtdG8tb3VyLW5ld3MtYW5kLXVwZGF0ZXMv/7B9B0DEE37C5B732DBAB6472AD71380DB9A388B8BCC29FADE295576D0DA34512?c=1&i=1&docs=1
• the Government of Jersey Sanctions Notices Registration (gov.je)
  • https://linkscan.io/scan/ux/aHR0cHM6Ly93d3cuZ292LmplL2NpdGl6ZW4vcGFnZXMvcmVnaXN0cmF0aW9uLmFzcHg=/8BEF3F8C8A0BC8388D98612445C157547745C952BA63CB5D7A6409EB648C7B4F?c=1&i=1&docs=1