Jersey: Financial Sector Assessment Program Update: Detailed Assessment of Observance of AML/CFT

September 14, 2009

Summary

Jersey has put in place a comprehensive and robust Antimoney Laundering/Combating the Financing of Terrorism (AML/CFT) legal framework with a high level of compliance with almost all aspects of the Financial Action Task Force recommendations. The paper discusses a Detailed Assessment of Observance of AML/CFT report on Jersey. Both money laundering and financing of terrorism are criminalized largely in line with the international standard, and Jersey has implemented the provisions effectively.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism, Terrorism financing

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), compliance officer, CR, customer due diligence measure, customer's beneficial owners, drug trafficking, Europe, ISCR, legal adviser, Legal support in revenue administration, Money laundering, offence, one-off transaction, Terrorism, Terrorism financing, word

Pages:
329
Volume:
2009
DOI:
https://doi.org/10.5089/9781451820232.002
Issue:
280
Series:
Country Report No. 2009/280
Stock No:
1JEYEA2009001
ISBN:
9781451820232
ISSN:
1934-7685

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