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Step 2 - Phase II of the JFSC's Supervisory Risk Data Collection Exercise - 31 August 2018

Proceeds of Crime (Supervisory Bodies) (Jersey) Law 2008, as amended (Supervisory Bodies Law)

Our communication issued on 17 July 2018 gave details of our timeline and approach for Phase II of our Supervisory Risk Data Collection Exercise.

As outlined in Step II, this is a request for banks and investment businesses to provide us with data by 17:00 on 31 October 2018. The data we require from you focuses on the type and characteristics of your customer base, the residences of your customers’ beneficial owners and controllers, and your use of Money Laundering Order concessions.

We are also requesting that banks and money services businesses provide us with wire transfer data, but this is a separate exercise on which more information will follow in due course.

To provide us with your data, you will need to download your Excel workbook(s) from the myJFSC portal. Once completed you should submit your data to us via the portal.

We have published guidance on our website here to help you with this phase of the data collection exercise. We understand some of the data may not be available retrospectively so we will accept information on a best endeavours basis, for example calculated responses or estimates supported by specific criteria.

If you have any queries which are not covered in our guidance documents, please contact your respective Supervision Manager or Supervision Team.

For more general enquiries relating to portal access or any website operational issues, please e-mail myjfsc@jerseyfsc.org

We thank you in advance for providing us with your data by 17:00 on 31 October 2018.

Kind regards,

For and on behalf of the JFSC

Jill Britton

Director of Supervision

Jersey Financial Services Commission

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