ISLE OF MAN: AML/CFT GUIDANCE UPDATES

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.

https://www.iomfsa.im/fsa-news/2019/oct/amlcft-guidance-updates/

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 https://www.buymeacoffee.com/KoIvM842y

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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