Jersey regulator updates AML handbook

News Team, 14/06/2021

The Jersey Financial Services Commission (JFSC) has updated its anti money laundering and counter terrorism financing (AML/CFT) handbooks.

The amendments were a direct result of Jersey aligning its regulatory regime with the Financial Action Task Force (FATF) 2012 recommendations and listening to industry feedback from a recent consultation paper.

One key change is that the onus has been shifted onto the relevant person to have regard for certain factors in determining whether measures to be taken in a country or territory are consistent with the FATF recommendations.

Previously, the AML handbook listed such f...

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