Countries and territories in AML/CFT/CPF Handbook appendices updated - June 2023
We have published updated versions of Appendix D1 and Appendix D2 of the AML/CFT/CPF Handbook following the latest Financial Action Task Force (FATF) statements of 23 June 2023.
Appendix D1 – Countries and territories for which a FATF call for action applies — (jerseyfsc.org)
Appendix D2 – Countries and territories identified as presenting higher risks — (jerseyfsc.org)
What does this means?
Effective immediately, countries and territories listed under Sources 1 and 2 of Appendix D2 should be treated as not compliant with FATF Recommendations for the purpose of Article 17A of the Money Laundering Order.
Next steps
- We remind supervised persons to review their policies, procedures, and their existing customer relationships, to assess the impact of these updates on their business.
- You will also need to take particular care when considering placing reliance on an obliged person based in one of these countries and territories.
- You may be required to undertake additional actions to mitigate the risk.
- You should discuss any concerns with your supervisor.
You can view the updated appendices by visiting the AML/CFT/CPF Handbook page on our website. You can also subscribe to our News and Updates email alerts.