Following the 2014 series of consultation papers on amendments to the AML/CFT Handbooks for the Prevention and Detection of Money Laundering and the Financing of terrorism, and the feedback paper published by the Commission in December 2014, the Commission wishes to advise that:

1. The revised AML/CFT Handbook for regulated financial services business is effective from 1 January 2015 and is available from the Commission Website by clicking here.
2. However, please note:
   1. there has been a delay in consulting on Section 14 – Funds and Fund Services Business: consultation is now expected to take place in early February 2015;
   2. the following sections are still under review:

the Glossary;

•   Section 11 – Banking: Wire transfers;
•   Section 12 – Banking: Correspondent banking;
•   Part 2 – Information resource;
•   Part 3 – Supervision of compliance with the Handbooks; and

• Appendix C (written assurances) now comprises two documents
  1. C1 written assurance template – Article 16 of the Money Laundering Order and
  2. C2 written assurance template – Article 17(9) of the Money Laundering Order

3. The revised AML/CFT for the Legal Sector is effective from 12 January 2015 and is available from the Commission Website by clicking here.
4. The revised AML/CFT Handbook for the Accountancy Sector is being finalised and will be available from the Commission Website from 19 January 2015. It will be effective from that date.