A news release from the FSA on 18 December advised that it had published guidance relevant to private trust companies and the TCSP entities which provide services to them. It also says that it will issue updates to other sector guidance over the coming weeks. Meanwhile, work to update the AML/CFT Handbook to reflect the amendments brought in by the 2019 Code is continuing and the FSA aims to publish the re-drafted Handbook by the end of Q1 2021.
The new guidance is at –
https://www.iomfsa.im/media/2769/ptc-guidance.pdf
I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y
raytodd.blog 