Updates to the Anti-Money Laundering and Countering the Financing of Terrorism Handbook (‘AML/CFT Handbook’)
The Authority wishes to draw your attention to some amendments to the Anti-Money Laundering and Countering the Financing of Terrorism Handbook (‘AML/CFT Handbook’).
There have been a number of changes made throughout the document, including:
- The PEP sections have been consolidated and expanded;
- The international sanctions section has been expanded;
- Appendix H has been amended in light of the introduction of the ‘Information Accompanying Transfers of Funds Regulations 2016’ legislation (which came into force in June 2017); and,
- An additional appendix has been added, Appendix L, which provides further information regarding terrorist financing and typologies.
A list of updates can be found here. There have also been a number of other minor amendments throughout the document to provide clarity to the guidance.
Appendix D(a) and D(b) have been amended to reflect the FATF Statement issued on 3 November 2017 and the FATF’s statement entitled ‘Improving Global AML/CFT Compliance: update on-going process’ also issued on 3 November 2017.
Additionally, the sector specific guidance for Specified Non-Profit Organisations has been amended. A ‘clean’ version of the sector specific guidance can found here and a tracked changes version can be found here.
If you have any enquiries please contact the AML Unit using the following email address: [email protected]