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Proceeds of Crime Jersey 1999 and JFSC AMLhandbook updates


The proceeds of Crime (Jersey) 1999 Law has an update, known as amendment 7.

This update introduces a new crime “Failure to prevent Money Laundering” as well as further provisions of offences committed by body corporates.

As a result, the JFSC have amended its AML Handbook, to incorporate the above changes, as well as administrative and formatting amendments.