The following changes have been made to Part 1, Trust Company Business Section 3.4 AMENDMENT = Amendment to allow a relevant person to apply simplified CDD measures to a customer relationship that relates to an employee benefit or share option plan. RATIONALE = Consequential amendment necessary as a result of recent changes to the Money […]

Jersey’s Financial Services Commission has released the results of an industry consultation on proposed revisions to the Money Laundering (Jersey) Order 2008. The amendments have been proposed to align the Jersey Order with certain revised recommendations from the Financial Action Task Force on Money Laundering (FATF), and to clarify the application in certain circumstances of […]

The Policy Council has signed the following amendment regulations, which came into force 28 March 2013: 1. The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) (Amendment) Regulations, 2013 2. The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 (Amendment of Schedules 1 and 2) Regulations, 2013 3. The Criminal Justice (Proceeds of […]