The GFSC AML HANDBOOK REFRESHED AND UPDATE – OUT NOW
15/02/2021
The GFSC Handbook on Countering Financial Crime and Terrorist Financing - 15th February 2021
The Commission has today updated the Handbook following the December consultation regarding changes to rules and guidance in Chapters 3 and 7 on:
- The risk-based approach and
- On legal persons and legal arrangements.
Updates have also been made to:
- Chapter 12 on international sanctions to reflect the new mechanism for implementing UN and UK sanctions in Guernsey following Brexit.
The revised Handbook, including the rules and guidance contained therein, comes into effect on 15th February 2021.
A clean version of the Handbook, together with a tracked version reflecting the Handbook changes published on 30th October 2020, can be accessed here.
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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.