Consultation on revisions to the AML/CFT handbooks

We are asking Industry for feedback on proposed revisions to the AML / CFT handbooks. The revisions are required in order to implement the 2012 FATF Recommendations.

We are recommending several minor technical amendments to the handbooks specifically in relation to business risk assessments, customer due diligence, resilience, equivalent countries and territories.

We also want to hear from Industry about our suggestion to merge the existing four handbooks into one consolidated version.

The consultation is open until 31 July. You can send your feedback to us directly or to Jersey Finance.

Hamish Armstrong, our Chief Adviser, Financial Crime, has summarised the key points of the consultation paper in this short clip:

Consultation on proposals to revise the AML/CFT Handbooks No 3 2020