On 20/06/2014 the Jersey Financial Services Commission (the “Commission”) issued a Consultation Paper on proposals to amend the Money Laundering (Jersey) Order 2008. The Consultation Paper deals with a number of comments by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (“MONEYVAL”) in 2013 and is intended […]

Jersey recognizes the risk that the simplification of CDD measures may present, as well as the inherently higher level of risk that may be found in some customer relationships in international financial centres. In line with the recommendation made by the IMF, the insular Jersey authorities have reviewed provisions in Articles 16 and 17 of […]