JFSC consults on revisions to the AML/CFT Handbooks
24/07/2020
On 28 May 2020, the JFSC issued a consultation paper asking for feedback on proposed changes to the AML / CFT handbooks. The deadline for comments is 31 July 2020. The revisions are required in order to implement the 2012 FATF Recommendations, specifically in relation to:
- business risk assessments;
- customer due diligence;
- reliance;
- equivalent countries and territories; and
- merging the AML/CFT Handbooks.
JERSEY