JFSC Industry update - 05 January 2022 - Sanctions questionnaire to be issued this week
05/01/2022
THE JFSC says https://www.jerseyfsc.org/news-and-events/sanctions-questionnaire-to-be-issued-this-week/
Since 2018, we have requested that supervised businesses provide risk data to inform our approach to risk-based supervision and our financial crime examinations.
We will also be asking a selection of 50 supervised businesses across a number of industry sectors to complete a questionnaire concerning targeted financial sanctions.
The selected businesses will be contacted later this week and will have until 19 February 2022 to complete and submit the questionnaire.
This desk-based exercise will require the selected supervised businesses to provide data and information relating to:
- The type and nature of screening undertaken.
- The types of tools used.
- What systems and controls (including policies and procedures) are established to identify and if necessary, report instances where there may be a connection to a designated person or entity.
We will use the results of the questionnaire to provide feedback and enhance our guidance on targeted financial sanctions. The data and information provided in the questionnaire may also result in focused examination activity later in 2022.
https://www.jerseyfsc.org/news-and-events/sanctions-questionnaire-to-be-issued-this-week/
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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.