Follow-on consultation on anti-money laundering exemptions
We have launched a follow-on consultation on our work to more closely align Jersey’s anti-money laundering and counter terrorist financing (AML/CFT) regime to International Standards.
We are asking for your feedback on our proposals which take forward the work we consulted on in December 2021, and our feedback issued in February 2022.
Who does this apply to
Our proposals will impact regulated financial services businesses that provide services to “exempt” businesses as well as others including businesses who currently utilise the AML/CFT exemptions which are falling away and Virtual Asset Service Providers.
The scope of the proposals are broad-ranging, however, businesses outside of the financial services sector are not likely to be impacted.
We are seeking feedback to the consultation from all interested parties by 14 October 2022.
If you have any immediate concerns in this regard, please contact policy@jerseyfsc.org.