JERSEY: ALMOST 200 FINDINGS IDENTIFIED IN FINANCIAL CRIME EXAMINATIONS

On 31 March, a news release from the Jersey FSC advised that its financial crime examinations identified 191 findings where businesses were not meeting statutory and regulatory requirements.  The examinations, which were carried out last year, reviewed arrangements to prevent and detect financial crime at 27 businesses.  A feedback paper details its findings and it says that it encourages all businesses to review the report so that they can assess their own compliance risks and the effectiveness of their systems and controls to prevent, detect and report financial crime.

https://www.jerseyfsc.org/news-and-events/almost-200-findings-identified-in-financial-crime-examinations/

https://www.jerseyfsc.org/industry/visits-and-examinations/financial-crime-examinations-feedback-from-2020-examinations/

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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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