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Reports and Updates

Click HERE to read an important update on Article 32(4) consent requests for industry. (9 Nov 2020)

FatF Group latest Best Practice related to Beneficial Ownership guidance

FatF Report Virtual Assets Red Flag Indicators of Money Laundering and Terrorist Financing 

Click HERE for updated information related to Beneficial Ownership 

Click HERE for the latest update from MoneyVal Council of Europe on Money laundering and terrorism trends linked to COVID.

18 May 2020

Response letters to Change

The Financial Intelligence Unit would like to advise industry of a change in our process which relates to response letters issued by the FIU in respect to SARs and MIRs that it receives. This change will take effect from Monday 1st June 2020.

The change will see the current response letters replaced by an email that has the text of the appropriate response within the e mail. No longer will the email attach a copy of the response letter.

This change remains compliant with the duties of the FIU to respond to the receipt of a submission under the Proceeds of Crime (Jersey) Law 1999 and should make the receipt and storage of such responses easier for all parties.

Jason and Michael are happy to address any concerns or issues with regard to this change and can be contacted on 01534 612679 or 01534 612188 respectively.

11 May 2020

The FIU would like to bring to your attention a recent paper issued on 4 May 2020 by FATF (Financial Action Task Force) titled “COVID-19-related Money Laundering and Terrorist Financing - Risks and Policy Responses”.

This important document looks at the coordinated and timely response to the impact of the COVID-19 crisis on global anti-money laundering (AML) and counter terrorist financing (CFT) efforts. Importantly, the paper identifies challenges, good practices and policy responses to new money laundering and terrorist financing risks, threats and vulnerabilities arising from the crisis.

Where not already done so, the FIU suggests local Financial Institutions take time to review the content of this paper, a link to which can be found below: 
https://www.fatf-gafi.org/publications/fatfgeneral/documents/covid-19-ml-tf.html

18 February 2020

The FIU would like to draw your attention to the below link, regarding changes to the Money Laundering Order including the SAR template.

The FIU are currently updating the SAR template and a working group of MLROs will be assisting in this process. 
https://www.jerseyfsc.org/news-and-events/updates-to-the-amlcft-handbook-for-regulated-financial-services-businesses/

Recent Publications of Interest

Please see the download list below for latest updates from EGMONT.


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