Many financial services businesses in Jersey ( “relevant business or businesses”) which are subject to the requirement to carry out due diligence on their customers under the Money Laundering (Jersey) Order 2008 (“MLJO”) have historically placed a considerable measure of reliance on being able to operate a simplified due diligence process. This process is in respect of […]

The Commission has today published Consultation Paper No. 4 2015 on revisions to the Money Laundering (Jersey) Order 2008 and Commission AML/CFT Handbooks. The consultation has a much reduced comment period as the proposed amendments are as a result of the recent assessment of the Island’s compliance with some of the former FATF Recommendations by […]

On the 18th December 2013 the Money Laundering (Amendment No. 6) Order came into force – the changes included 1Interpretation 2Article 1 amended 3Article 10A amended 4Article 11 amended 5Article 13 amended 6Article 16 substituted 7Article 17 substituted 8Article 18 amended 9Article 19 amended 10Article 22A amended Within the above an important change for all […]