AML/CFT Handbook – Update

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”).

Section 6.2.5, under the sub-heading “where the conditions detailed under 6.2.2 have not been met” a reference to the FSRB has been corrected from rule 8.14 to read rule 8.17.

Section 6.7.3 a typographical error in this paragraph has been corrected, “Jurisdiction” has been changed to “activities”.

Following an amendment to reporting in relation to financial sanctions we have updated Part 7 of the AML/CFT Handbook to reflect the changes.  A tracked changes version of the AML/CFT Handbook can be found here.  A “clean” amended AML/CFT Handbook can be found here.

Also, Appendix D(a) and Appendix D(b) have been amended to reflect the FATF Statement issued on 23 February 2018 and the FATF’s statement entitled ‘Improving Global AML/CFT Compliance: update on-going process’ also issued on 23 February 2018.

There is a tracked changes version of Appendix D(a) and a tracked changes version of Appendix D(b) available.  A ‘clean’ amended AML/CFT Handbook can be found here.

If you have any enquiries please contact the AML Unit using the following email address: [email protected]