The new JFSC version of the Handbook for the prevention and detection of money laundering and the financing of terrorism is effective from 1 January 2015.

CLICK HERE – http://bit.ly/1Da5QEd

The new sections are made up as follows

General sections

• Section 1 – Introduction
• Section 2 – Corporate governance
• Section 3 – Identification measures – overview
• Section 4 – Identification measures – finding out identity and obtaining evidence
• Section 5 – Identification measures – reliance on obliged persons
• Section 6 – Ongoing monitoring
• Section 7 – Enhanced and simplified CDD measures
• Section 8 – Reporting money laundering and terrorist financing activity
• Section 9 – Vetting, awareness and training of employees
• Section 10 – Record keeping

Sector specific sections

• Section 11 – Banking: Wire transfers
• Section 12 – Banking: Correspondent banking
• Section 13 – Trust Company Business
• Section 14 – Funds and Fund Services Business

Appendices

• Appendix A: Appendix A: JFCU suspicious activity report guidelines
• Appendix B: Equivalent countries and territories
• Appendix C: Written assurance template
• Appendix D1: Countries and territories for which a FATF call for action applies
• Appendix D2: Countries and territories identified as presenting higher risks

Part 2 – Information resource

Part 3 – Supervision of compliance with the Handbooks

Part 4 – Further reference material

• Section 1: Proceeds of Crime (Jersey) Law 1999 – Schedule 2
• Section 2: Typologies
• Section 3: Red flags for suspicious activity reports
• Section 4: Guidance on high risk products and services