2023 AML/CFT/CPF and other Supervisory Risk Data Collection exercise

Our 2023 AML/CFT/CPF and other supervisory risk data collection exercise launched on 5 February 2024. Supervised businesses need to provide us with their data by 11.59pm, 31 May 2024.

This data is used to inform our approach for risk-based supervision and used in aggregated form to refresh national risk assessments.

We have expanded the data we are asking for this year to include additional financial crime questions applicable to all supervised businesses, and new conduct questions applicable to regulated businesses. We have also included new workbooks, applicable to trust company businesses (TCBs), requesting data on legal persons and arrangements which these businesses provide services to.

In addition, this year, we will also be issuing data requests to all non-profit organisations (NPOs) to refresh our risk understanding of the sector. The method for collecting the data will vary depending on the type of NPO:

• Regulated NPOs (NPOs administered by TCBs) - the data collection workbook for these entities will be sent to the TCB service provider on our records. The TCB will complete one data collection workbook with details of each of the NPOs it provides services to within one workbook. This is available via the myJFSC portal.

• NPOs that are not serviced via a TCB - we acknowledge that a large proportion of this NPO population are limited in their ability to use the myJFSC portal. For this reason, an online survey will be circulated via email to this population. This is the same process followed for the 2021 NPO data collection.    

We have the following guidance to help businesses submit their data to us:

Organisational / footprint data

• Guide to integrity checking your Section I risk based supervision data 2023

• Guidance to Section I of risk based supervision data

• Sole Traders

Sector specific data

• Accountants
• Casinos (no guidance)
• Deposit-takers
• Designated Service Providers with respect to Jersey Private Funds
• Real Estate Agents
• Fund Services Business
• FSBs with respect to Public Funds
• FSBs with respect to Unregulated Funds
• Investment business
• Lenders
• Lawyers
• Long-term Insurance
• Managers of Managed Entities with respect to Managed Entities
• Money Service Business
• Prepaid cards (no guidance)
• Trust Company Business
• Trust Company Businesses with respect to Private Trust Companies
• Trust Company Businesses with respect to Regulated Non-Profit Organizations
• Virtual Asset Service Provider
• Wire transfer

Legal Persons and arrangements

• TCB administered Jersey Companies
• TCB administered Trusts
• TCB administered non-Jersey incorporated companies

For any queries not covered in our guidance, businesses should contact their supervisor or supervision team.

We thank all sectors in advance for their ongoing commitment to our data collection exercise.