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The JFSC has updated its Sound [sensitive] Business Practice Policy [31 July 2023]


In line with the latest changes to the Proceeds of Crime (Jersey) Law 1999, the JFSC have updated its Sound Business Practice Policy.

This Policy, sets principles regarding the activities that the Jersey Financial Services Commission (the JFSC) considers sensitive, and is issued as a result of the following legislative requirements placed on the JFSC:

The Policy has two tables.

The tables set out those activities which, as a matter of policy, the JFSC has determined potentially pose reputational risks to Jersey.

  1. Table 1 sets out those activities that are subject to oversight by the JFSC for one or more of supervision of financial soundness, conduct of business and compliance with requirements relating to anti-money laundering and countering the financing of terrorism, and as a result fall within the scope of this Policy.
  2. Table 2 sets out those activities not within the regulatory oversight of the JFSC but are considered to likely pose a potential reputational risk to Jersey.

See the complete updated Sound Business Practice Policy.


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