Our consolidated AML/CFT Handbook officially takes effect today

On 31 January, we published our consolidated anti-money laundering and counter terrorist financing (AML/CFT) Handbook (the consolidated handbook). This saw our four previous handbooks merged into one document.

Who this applies to

The scope of the consolidated handbook has been extended, so that compliance with its Codes of Practice is mandatory for all supervised persons.

What’s changed

Previously, supervised persons who did not carry on regulated financial services business, accountancy services, legal services or act as estate agents or high value dealers were not required to comply with any handbook Codes of Practice. However, they were expected to refer to the handbook for regulated financial services business as guidance.

We put in place a four-month transition period from 31 January to 31 May 2022, to allow all supervised persons time to review the consolidated handbook and ensure they are able to comply with their regulatory obligations.

The transition period has now ended. This means that from today the consolidated handbook is in effect.

You can view the consolidated handbook on our website.

If you have any concerns regarding your compliance with the consolidated handbook’s Codes of Practice, please contact your supervisor.