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JFSC - Overview of Funds Section of the AML/CFT Handbook (afternoon)

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St Helier's Town Hall

50 York Street

Jersey

JE4 8PA

United Kingdom

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Following publication of Section 14 of the AML/CFT Handbook the Financial Crime Policy (FCP) team, in conjunction with the Policy team, are presenting an overview of the new section.

Please note: this session is very similar to the event of 15 November 2016 which formed part of the JFSC consultation regarding the proposal to introduce a Funds specific section to the AML/CFT Handbook.

Section 14 outlines the JFSC's expectations regarding the application of the existing AML/CFT regulatory framework to funds and fund operators both regulated and unregulated.

The session will highlight several areas upon which industry submissions were received, including:

  • Scope - application of the guidance to regulated and unregulated funds and fund operators
  • Differences in the application of CDD measures by funds and fund operators
  • Practical application of CDD, including risk factors and higher risk indicators
  • Avoiding duplication of effort, including simplified CDD, reliance and delegation

The feedback paper to Consultation Paper No. 8 2016 may be accessed by clicking here.

This session comprises a 60 minute presentation, followed by a 75 minute “drop-in surgery” where FCP and a funds specialist from the Policy team will be available to take specific questions.

No charge is being made for this event.

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Date and Time

Location

St Helier's Town Hall

50 York Street

Jersey

JE4 8PA

United Kingdom

View Map

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