On 7th October, the FSA in the Isle of Man published a news release announcing guidance in relation to new, or substantially amended, areas of the 2019 Code (which came into operation on 1st June). It says that work continues in relation to the re-drafting of the entire AML/CFT Handbook to reflect other amendments brought in by the 2019 Code and to update all other parts as deemed necessary; with the FSA aiming to publish the re-drafted AML/CFT Handbook by the end of Q2 of 2020. The news release provides links to documents have been issued to cover the period whilst the AML/CFT Handbook is being updated in full to reflect the amendments brought in by the 2019 Code, and which will be amalgamated into the main body of the AML/CFT Handbook in due course. The documents linked to include a new Part on CDD.
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