Clarification on anti-money laundering service providers and Schedule 2 applications

Following some confusion, we wanted to clarify the process for Schedule 2 applications where a regulated entity is acting as an anti-money laundering service provider.

1. If you appoint an AMLSP for a Schedule 2 application, then the AMLSP must apply for registration on your behalf through the AMLSP appointment to relevant person workbook.

Guidance, guidelines and legal notices for persons wanting to become or use an AMLSP are available on our website: Anti-Money Laundering Services Provider FAQs Guidance and Legal Notices.

2. If you’re looking to apply for schedule 2 registration and do not wish to appoint an AMLSP, you need to submit a Supervisory Bodies Law (SBL) form through myJFSC.

See our guidance to Schedule 2 Supervisory Bodies Law Registration Form - myJFSC.

It’s important that AMLSPs submit the AMLSP workbook rather than the SBL Portal application, as it prevents the incorrect fee being charged and makes sure we’re aware of the AMLSP relationship.

If you’re aware of any SBL applications sent in error where an AMLSP relationship exists, please email Authorisations@jerseyfsc.org with a request to withdraw these and a completed AMLSP workbook to replace it.

We’ve also had some questions about which parties have access to certificates and invoices for successful Schedule 2 applicants. Currently, we forward this documentation by email to the party named as “Primary Contact and Position” in the workbook. It’s important therefore that you list the correct individual and email address in this section. If the named individual doesn’t receive the documentation after an approval, please contact us.

In the future, Schedule 2 submissions by AMLSPs will also be digitised and completed through myJFSC. We will give a further update once the form has been digitised.