JFSC HANDBOOK FOR THE PREVENTION AND DETECTION OF MONEY LAUNDERING AND THE FINANCING OF TERRORISM FOR FINANCIAL SERVICES BUSINESS REGULATED UNDER THE REGULATORY LAWS Part 4 Log of Amendments to the Handbook This part of the Handbook sets out the amendments applied as a consequence of changes to the Money Laundering Order and other relevant legislation and comments received […]

The JFSC Appendix D2 provides details of countries and territories that have been identified by reliable and independent third party sources as presenting higher risk in areas that will be relevant to an assessment of money laundering and terrorist financing risk under normal CDD measures. Please note that the jurisdictions covered by each source are […]

The National Crime Agency – dubbed Britain’s version of the FBI – has begun an inquiry into the UK end of a $20bn (£13bn) money-laundering scam revealed by The Independent involving some 19 British shell companies. The investigation highlighted the ease with which Britain is being used by organised crime syndicates to set up sham […]

Proposals to amend provisions in the Handbooks for the Prevention and Detection of Money Laundering and the Financing of Terrorism for: 1. Financial Services Business Regulated under the Regulatory Laws 2. the Accountancy Sector 3. the Legal Sector 4. Estate Agents and High value Dealers This consultation paper should be read and understood alongside Position […]

The GFSC handbook for financial services businesses on countering financial crime and terrorist financing has been updated March and April 2013 http://www.gfsc.gg/The-Commission/Policy%20and%20Legislation/Handbook-for-Financial-Services-Businesses-on-Countering-Financial-Crime-and-Terrorist-Financing-(current)-March-2013.pdf    

Part 4 – Issued: 21 February 2008  – the details are as follows Appendix D2 Whole Document Revision to countries listed in Source 2. Bosnia and Herzegovina has been identified by MONEYVAL as having strategic ML/TF deficiencies. Revision to countries and territories listed in sources 3, 5, 6, 10 and 11 following publication of revised […]

The JFSC have made amendments to the Schedule D of the AML Handbook, see link below http://www.jerseyfsc.org/pdf/Part_1_Appendix_D1_AML_Handbook_27_Nov.pdf http://www.jerseyfsc.org/pdf/Part_4_AML_Handbook_2013_Dec_24.pdf View Appendix Jersey firms please ensure that you review your AML Risk Ratings for these countries and amend as appropriate.    

Please note there has been changes to the Appendix D2 – Sources 7 and 9. The driver for these changes are revisions and updates in line with Corruption Perceptions Index 2013 and Worldwide Governance Indicators (WGI) project. http://www.jerseyfsc.org/pdf/Part_4_AML_Handbook_2013_Dec_24.pdf