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 […]

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 […]

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 […]

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’ […]