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

International Monetary Fund

No 2009/280, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; offence; word; one-off transaction; customer due diligence measure; legal adviser; customer's beneficial owners; compliance officer; drug trafficking; Anti-money laundering and combating the financing of terrorism (AML/CFT); Money laundering; Terrorism financing; Legal support in revenue administration; Terrorism; Europe (search for similar items in EconPapers)
Pages: 329
Date: 2009-09-14
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