Schedule 2 Business Activities - The Proceeds of Crime (Amendment No. 6) (Jersey) Order 2022 (Amendment No. 6) came into force today, Monday 30 January 2023.

Industry update

Additional information sources to support Industry in combatting financial crime

We have published additional information sources to assist Industry in obtaining a deeper understanding of money laundering, the financing of terrorism and the proliferation of weapons of mass destruction (together financial crime).

The key to the prevention and detection of financial crime lies in the implementation of, and strict adherence to, effective systems and controls (including policies and procedures) based on international standards and best practices.

These documents are for information only and do not introduce any new Code of Practice requirements. However, the source referenced may be utilised for:

  • the improvement of financial crime risk assessment and mitigation
  • compliance monitoring
  • staff training
  • other measures to increase the effectiveness of your internal systems and controls

The additional guidance is general in nature and does not constitute, nor should it be construed as, legal advice or a mandatory list of information sources. It is complimentary to and should be read in conjunction with our AML/CFT Consolidated Handbook.

Additional Information Sources- ML/ PF/ TF

The AML /CFT / CPF international organisations webpage provides reference to the Financial Action Task Force (FATF)’s international standards and other important international bodies relevant to financial crime matters. These include the Wolfsberg Group, the Basel Committee on Banking Supervision and the European Supervisory Authorities.

The sources referenced may be considering different risk factors and may be commenting on different jurisdictions. We do not accept any liability or responsibility for the content of external websites.