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. It can be found here: http://bit.ly/1BdKAKA

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: The revised AML/CFT Handbook for regulated financial services business is effective from 1 […]

The revised AML/CFT for the Legal Sector is effective from 12 January 2015 and is available from the Commission Website by clicking here.

The amendments that are proposed in this consultation paper will affect relevant persons carrying on trust company business. Chapter 2 of this consultation paper makes proposals to amend the current sector specific section for trust company business in the AML/CFT Handbook. Whilst a number of changes are summarised in this consultation paper, some of the […]

In the JFSC November 2014 REVISIONS the TCB Sector specific AML/CFT HANDBOOKS, CONSULTATION PAPER AML 4, 2014, the JFSC outline who the customers will be in 3 distinct service propositions and situations (acting as, providing services and formations) and as follows Acts 2.4.3.1 In the case of a relevant person that carries on trust company […]

JFSC draft rules for Enhanced measures that might be applied in order to address the risk that is presented by specified customers The following shows Extracts from the NEW Section 7 of the JFSC draft AML/CFT Handbook – It should be noted that there will be an opportunity to make submissions on these proposed measures […]