The GFSC have issued a FAQ to answer the following question We have discovered that we have not undertaken CDD in compliance with the requirements of the Regulations and/or rules in the Handbook. We are reluctant to approach the customer and Would like an exemption from having to comply with these requirements. GFSC response The […]
Read MoreDraft Proceeds of Crime and Terrorism (Miscellaneous Provisions) (Jersey) Law 201- (the Draft Law)
On the 11th June The Deputy Chief Minister approved the draft Proceeds of Crime and Terrorism (Miscellaneous Provisions) (Jersey) Law 2014 (Appointed Day) Act 201- (the “Appointed Day Act”) for lodging and directed that the documents should be lodged au Greffe for debate by the States at the earliest opportunity. Reason(s) for Decision: The Appointed […]
Read MoreCDD & Electronic verification
Verification can be completed on the basis of documents, data and information which come from a reliable and independent source. This means that there are a number of ways you can verify a client’s identity including: obtaining or viewing original documents conducting electronic verification obtaining information from other regulated persons Independent source You need an […]
Read MoreWarning over ‘fake’ FCA register for unauthorised firms
Two firms that have been the subject of FCA warnings offer links to fake register that looks like the real thing. Unauthorised firms targeting UK consumers have devised a devious tactic to convince potential investors that they are fully authorised and regulated by providing a link to a fake version of the regulator’s online ‘register’ […]
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