On 2nd September, a news release from the Financial Services Authority drew attention to some amendments to the Anti-Money Laundering and Countering the Terrorism Handbook (‘AML/CFT Handbook’).  The definition of a politically exposed person (PEP) has been updated to reflect the changes made in the AML/CFT Code that came into force on 1st June.   References are also added to FATF statements.

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” 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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