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JFSC more enhancements to the AML/CFT/CPF Handbook 11 DAYS OF CONSULTATION!!!

18/08/2023

The JFSC has published a consultation seeking feedback on further improvements to the AML/CFT/CPF Handbook (the Handbook).

The Consultation on proposals regarding further enhancements to the AML/CFT Handbook

Feedback is required by close of business on 29 August 2023 [11 days from this announcement]. 

The JFSC is proposing

  • To add new and expanded guidance notes across the Handbook. 
  • One new AML/CFT/CPF Code of Practice.

The proposed changes include but are not limited to:

  • New Code of Practice and guidance in respect of declassification of Politically Exposed Persons (PEPs)
  • New guidance about correspondent banking and similar relationships with Virtual Asset Providers (VASPs)
  • Expanded guidance concerning suspicious activity reporting by Non-Profit Organisations (NPOs)
  • Housekeeping matters following the coming into effect of the Proceeds of Crime (Financial Intelligence) (Amendment) (Jersey) Regulations 2022

The sections impacted are 2, 3, 4, 6-13, 15-17, and the Glossary.

Warning –

THE JFSC ARE HAVING ISSUES WITH THE PARAGRAPHING NUMBERING IN CERTAIN SECTIONS OF THE TRACKED VERSION, AND THEY ARE WORKING TO AMEND THIS.

Tracked-change versions of each Handbook section we are proposing to amend.

Source

 

JERSEY

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