The AML/CFT/CPF Handbook, effective 31 May 2026, will be updated again soon
18/05/2026
Following the issuance of early versions of its anticipated AML/CPF/CTF Handbook (effective 31 May 2026), it has been suggested that the JFSC will publish a "CLEAN" (fully corrected – cross-references, typos, missing sections, etc.) consolidated version of its updated AML/CPF/CTF Handbook sometime next week (week commencing 18 May 2026).
⚠️ ⚠️ CRITICAL WARNING - 🔴 Regulatory Misalignment Warning
WARNING – IMMINENT FURTHER CHANGE TO AML/CFT/CPF FRAMEWORK
The AML/CFT/CPF Handbook, effective 31 May 2026, should NOT be treated as stable in respect of MLCO requirements.
A material legislative change comes into force on 30 June 2026, under the Money Laundering (Jersey) Amendment Order 2026, which:
👉 Removes the blanket legal requirement to appoint an MLCO
👉 Introduces a risk-based test linked to business size and ML risk
👉 Requires firms to determine appropriateness by reference to JFSC Codes of Practice (i.e. the Handbook)
As a result:
⚠️ The Handbook that becomes effective on 31 May 2026 will be out of alignment within one month
⚠️ Further JFSC Handbook amendments are expected to reflect the new legal framework
⚠️ Firms implementing May 2026 Handbook changes must anticipate further revision
😠 🤬 😤
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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.