JFSC DATA COLLECTION exercise on WMD [the countering of the financing of proliferation of weapons of mass destruction] (to start 18 July 2022 - Industry will have two months to complete)
The JFSC are working with the Government of Jersey and other local and international stakeholders to build a better understanding of the local exposure to proliferation financing and its associated risks.
To do this, Industry will be risk assessed for exposure to proliferation financing risk.
The JFSC will be collecting current information from stakeholders in a questionnaire which will be circulated on 18 July 2022. Industry will have two months to complete this.
The analysis of the JFSC data collection will determine its approach to future potential enhancements that the JFSC may need to make to the regulatory framework.
The above will help demonstrate that the JFSC, and the Island, can effectively identify, assess, monitor, manage and mitigate proliferation financing risks.
This exercise should not cause any concern.
Undertaking a risk assessment of this kind is advised under the Recommendations of the international AML/CFT/CPF standard setter, the Financial Action Task Force.
More information on this national risk assessment will follow closer to the time.
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 email@example.com.