Know your Jersey financial crime NRAs, strategies, and appetite.
24/06/2024
Jersey has had a long-term commitment to preventing and eliminating financial crime and has published:-
- x5 NRAs [see below]
- A national strategy and action plan [see below]
- A Financial Services Risk Appetite and Mitigation statement [see below]
Jersey’s continuous national risk assessment [NRA’s] work, includes:
- VASP National Risk Assessment.( 17 May 2024) This follows the VASP risk overview completed in 2022.
- 17 May 2024 - https://www.gov.je/Industry/Finance/FinancialCrime/NationalRiskAssesmnents/Pages/VASPNationalRiskAssessment.aspx
- VASP risk overview completed in 2022.- https://www.gov.je/SiteCollectionDocuments/Industry%20and%20finance/R%20Virtual%20Assets%20Money%20Laundering%20and%20Terrorist%20Financing%20National%20Risk%20Overview.pdf
- National Risk Assessment: Legal Persons and Arrangements (2023)
- National Risk Assessments: Terrorist Financing (2021 and 2023)
- Terrorist Financing National Risk Assessment update 2023
- Terrorist Financing National Risk Assessment update 2021
- National Risk Assessment: Money Laundering (2020)
- National Risk Assessment: Money Laundering update (2023)
ALSO
- Jersey’s National Strategy for Combatting Financial Crime
- national strategy and action plan, sets out Jersey’s position in fighting all forms of financial crime
- https://www.gov.je/Industry/Finance/FinancialCrime/NationalRiskAssesmnents/Pages/NationalStrategyCombattingFinancialCrime.aspx
Jersey’s Statement on Financial Services and Financial Crime: Activities, Risk Appetite and Mitigation
- Jersey's national assessment of risk appetite outlines the boundaries of acceptable financial risk.
- https://www.gov.je/Industry/Finance/FinancialCrime/NationalRiskAssesmnents/Pages/FinancialCrimeRiskAppetite.aspx
SOURCE
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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.