JFSC Feedback on Digital ID System adoption Consultation [30 November 2022]
In May 2022, THE JFSC and the Government of Jersey consulted on several options to further enable the adoption of Digital ID Systems by Supervised Persons.
The JFSC now propose the following next steps:
- Amending the AML/CFT Handbook to provide further guidance for Supervised Persons wishing to adopt a Digital ID System to meet their obligations under the Money Laundering Order
- supporting the Government with the amendments to the Money Laundering Order to allow for a statutory safe harbour for the use of Digital ID Systems
- supporting Digital Jersey and Jersey Finance Limited in developing an educational programme to adopt Digital ID Systems.
- Consultation https://www.jerseyfsc.org/industry/consultations/consultation-on-facilitating-the-adoption-of-digital-id-systems-no-4-2022/
- Feedback https://www.jerseyfsc.org/industry/consultations/feedback-on-consultation-on-facilitating-the-adoption-of-digital-id-systems/
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