PRESS RELEASE 05 April 2007
Commission Publishes Paper on Implementation of New Anti-Money Laundering Handbook
The Commission has today published a paper to update industry on progress in finalising the Money Laundering (Jersey) Order 200- (“Order”) and Handbook for the Prevention and Detection of Money Laundering and the Financing of Terrorism (“Handbook”).
For further information please contact: -
Andrew Le Brun
Tel: + 44 (0) 1534 822065
Notes to Editors.
1. Consultation Paper No. 4 (Handbook for the prevention and detection of money laundering and the financing of terrorism) was published by the Commission in May 2006.
2. The Commission published a feedback paper on Consultation Paper No. 4 in November 2006.
4. Implementation of the Order and Handbook is part of a series of measures that are underway in order to implement the Financial Action Task Force’s 40+9 Recommendations – compliance with which will be assessed by the International Monetary Fund in 2008.