PRESS RELEASE 13 October 2011
GUIDANCE ON PROLIFERATION AND PROLIFERATION FINANCING
The Commission has today published new guidance on its website regarding Proliferation and Proliferation Financing. The guidance has been produced in an effort to raise awareness and understanding of Proliferation and Proliferation Financing matters.
Proliferation financing is the act of providing funds or financial services which are used, in whole or in part, for the manufacture, acquisition, possession, development, export, transhipment, brokering, transport, transfer, stockpiling or use of nuclear, chemical or biological weapons and their means of delivery and related materials (including both technologies and dual-use goods used for non-legitimate purposes), in contravention of national laws or, where applicable, international obligations.
The Commission therefore considers this guidance relevant to all those it regulates or supervises.
Click here to access the new guidance on Proliferation and Proliferation Financing.
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For further information please contact: -
Andrew Le Brun - Director, International & Policy
Jersey Financial Services Commission
Tel: + 44 (0) 1534 822065
Fax: + 44 (0) 1534 822002
NOTES TO EDITORS
The Commission is responsible for the regulation, supervision and development of the financial services industry in the Island of Jersey for banking, collective investment funds, fund services business, insurance business, general insurance mediation business, investment business, money service business, and trust and company service providers.
The Commission is the supervisory body for those sectors that are subject to regulatory oversight of their anti-money laundering and countering the financing of terrorism responsibilities, which includes: Accountants; Lawyers; Estate Agents; High Value Goods Dealers; and Non-Profit Organizations.