Updated JFSC Guidelines for trustees and private trust companies to be issued on 8 September 2023
On 22 August 2023, the Government of Jersey issued an update concerning anti-money laundering and the counter financing of terrorism provisions for Trustees and Private Trust Companies.
That update identified that the JFSC, would be amending its Guidelines on its Interpretation issued under Article 36 of the Proceeds of Crime (Jersey) Law 1999.
The JFSC has now advised that it is working through those amendments and considering what further amendments might be required for:-
- INCIDENTAL TRUSTS and
- JERSEY PROPERTY UNIT TRUSTS.
The JFSC have stated they will aim to issue the updated Guidelines on 8 September 2023.
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