Industry update

Updates to AML/CFT Handbook with new versions of Appendices D1 and D2

We have updated our Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Handbook with new versions of:

  • Appendix D1 - Countries and territories for which a FATF call for action applies
  • Appendix D2 - Countries and territories identified as presenting higher risks.

These updates account for outcomes from the latest Financial Action Task Force (FATF) Plenary held 20-21 October 2022.

The updates include:

  • addition of one country to Source 1 of Appendix D2 and three countries to Source 2
  • removal of two countries from Source 2 of Appendix D2
  • addition of Myanmar (Burma) to Appendix D1 - now subject to a FATF call for action (informally known as “the FATF blacklist”)  
  • countries and territories listed under Sources 1 and 2 of Appendix D2 should be treated as not compliant with the FATF Recommendations for the purposes of Article 17A of the Money Laundering (Jersey) Order 2008 (the Money Laundering Order)
  • countries and territories listed under Source 1 of Appendix D2 should be treated as “enhanced risk states” for the purposes of Article 15(1)(c) of the Money Laundering Order.

Next steps

To assess the impact of these changes on your business, we recommend that supervised persons review their policies and procedures, along with their existing customer relationships.
You should also take care when considering whether to place reliance on an obliged person based in one of the countries or territories added to Sources 1 or 2 of Appendix D2.
It is important for Industry to consider Jersey’s national risk appetite when assessing who they should do business with. The Government of Jersey has stated in its National Strategy for Combatting Financial Crime: “There are activities which the Government of Jersey considers should not be taking place in or from Jersey. These include: (…) Any dealing with FATF black-listed jurisdictions”.
If you have any concerns regarding the changes referenced above, please contact your supervisor.
View the updated appendices on our AML/CFT Handbook page.