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 MONEYVAL evaluators.

The Island has a limited time period in which it is able to make amendments to the regulatory framework which must be taken into account by the assessors – this period finishes on 24 March 2015.

The consultation paper is available by clicking here.

The comment period closes 20 March 2015.