Trust and company service providers (TCSPs) are involved in a wide range of services and activities for their clients. These services include: acting as a director or secretary of a company or similar position, providing a registered office or business address for a company, acting as trustees of an express trusts, among others. Not all […]

The Wolfsberg Group is pleased to publish its Guidance on Customer Tax Evasion, which is designed to provide Financial Institutions (FIs) with an industry perspective on how to develop, implement and maintain an effective anti-tax evasion compliance programme. The overall objective of the Guidance is to promote a culture of ethical business practices and compliance […]

  The report uses over 100 case studies provided by 34 different jurisdictions of the FATF Global Network, the experiences of law enforcement and other experts, private sector input the private sector as well as open-source research and intelligence reports to identify the methods that criminals use to hide beneficial ownership. Vulnerabilities associated with beneficial […]

  The JFSC have published updated versions of Appendices D1 and D2 of the AML/CFT Handbook, to take into account the latest Financial Action Task Force (FATF) statements. You can view the updated appendices by visiting the AML/CFT Handbook page of the JFSC  website here https://www.jerseyfsc.org/anti-money-laundering/regulated-financial-services-businesses/amlcft-handbook/

In recent years, the number of victims of human trafficking and migrant smuggling has continued to grow significantly.  In addition to the terrible human cost, the estimated proceeds that human trafficking generates have increased five-fold since the Financial Action Task Force (FATF) produced a comprehensive report on the laundering of the proceeds of these crimes […]

  The Jersey Financial Crime Strategy Group (JFCSG)– comprising representatives from the Government of Jersey, Jersey Financial Services Commission, States of Jersey Police and Jersey Customs and Immigration Service – have [27 July 2018] launched a public consultation on the implementation of the 2012 Financial Action Task Force (FATF) Recommendations on Anti-Money Laundering (AML) and […]

The Jersey Financial Crime Strategy Group (JFCSG) – comprising representatives from the Government of Jersey, Jersey Financial Services Commission, States of Jersey Police and Jersey Customs and Immigration Service – have launched a public consultation on the implementation of the 2012 Financial Action Task Force (FATF) Recommendations on Anti-Money Laundering (AML) and Countering the Financing […]

Professional money launderers are individuals, organisations or networks who, for a fee, help criminals launder the proceeds of crime This report looks at the techniques and tools used by professional money launderers, to help countries identify and dismantle them. The FATF’s fourth round of assessments has revealed that many countries are not sufficiently investigating and […]