JFSC AML / CFT cases completed by Enforcement 2017 to 2019
21/02/2022
The JFSC has posted their enforcement statistics as follows:-
Completed AML / CFT enforcement cases/referrals to Joint Financial Crimes Unit
The data provided relates to completed enforcement cases from 2017 to 2019 and reflects a combination of enforcement investigations and intelligence work.
Completed AML / CFT cases per sector
Where a registered person is active in more than one sector, the case has been recorded against the main business of that person.
AML / CFT issues identified
For some enforcement cases more than one issue may be present. In the table below internal controls includes issues such as corporate governance, conflicts of interest and compliance monitoring.
Actions taken
As part of our enforcement work we may undertake a number of actions including the issuance of a direction stopping an individual from working in the Jersey financial services industry and requiring a registered person to pay a civil penalty. We have issued guidance on how we will use some of the tools available to us. The relevant guidance documents are: the decision-making process and making a referral to the police and /or the attorney general.
Origin of cases
Some of our enforcement work results from our supervision activities but we also open enforcement cases due to other information such as complaints data, intelligence received and as a result of requests for assistance from other supervisory authorities.
Source
https://www.jerseyfsc.org/industry/financial-crime/aml-cft-cases-completed-by-enforcement/
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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.