Lending activity caught by the AML/CFT regime
During the course of the implementation period around the removal of certain exemptions from AML/CFT, issues have been raised by the lending community as to the requirements of certain individuals to register under Schedule 2 of the POCL. The Government and the JFSC have considered various representations and it has become clear that further engagement is required with this sector concerning the need for registration. The Government and the JFSC therefore propose to work with the lending community on the application of the AML/CFT regime in Jersey.
In addition, we have today published additional questions to the Lending FAQs.
Throughout July, we will be hosting bookable drop-in sessions at our offices. These informal sessions have been set up to provide support with the registration process and will be held as follows:
- Afternoon of 11 July 2023
- Morning of 12 July 2023
- Afternoon of 19 July 2023
- Afternoon of 20 July 2023
- Morning of 21 July 2023
If you would like to book a 20-minute slot, please contact us at Schedule2@jerseyfsc.org.
We will also be hosting an event specifically for private lenders to discuss the application of the AML/CFT regime in the latter half of July. Further details of this event will be published shortly.