Proposals to amend provisions in the Handbooks for the Prevention and Detection of Money Laundering and the Financing of Terrorism for: 1. Financial Services Business Regulated under the Regulatory Laws 2. the Accountancy Sector 3. the Legal Sector 4. Estate Agents and High value Dealers This consultation paper should be read and understood alongside Position […]

Feedback to a consultation on primary legislation to provide the Commission with the power to impose civil financial penalties for contraventions of Codes of Practice. In the CONSULTATION PAPER [CP] the Commission sought views on draft legislation – the Amendment Law – which would amend the Commission Law to introduce statutory provisions to enable the […]

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 […]

ppendix 1 Consultation Paper No.2 2014 – Civil penalties: Draft Primary Legislation Response from Bedell Cristin Dear Mr Byrne Consultation Paper No. 2 2014 Civil Penalties: Draft Primary Legislation This response is divided into (A) points of substance having regard to a number of principles; and (B) detailed comments. A. Points of Substance 1. It […]

The following text is extracted from the letter sent by Jersey finance to the JFSC in response to JFSC Consultation Paper No. 2 2014 – Civil Penalties: Draft Primary Legislation (see link below or attached for full and complete text) We refer to JFSC Consultation Paper No. 2 2014 – Civil Penalties: Draft Primary Legislation […]