On 27th July, Jersey issued a news release announcing a consultation by  the Jersey Financial Crime Strategy Group (JFCSG) – which is made up of representatives from the Government, Jersey FSC, Jersey Police and the Jersey Customs and Immigration Service.  It is concerned with implementation of the 2012 FATF Recommendations on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), which include measures to deal with new threats such as the financing of WMD, to be clearer on transparency and tougher on corruption.  JFCSG has identified potential areas for legislative development in Jersey’s current AML/CFT regime. Whilst some of these areas were addressed by amendments to existing legislation in 2017 and 2018, the consultation paper contains a full set of proposals for remaining legislative amendments relating to the FATF Recommendations.

The consultation document is at –

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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