AML/CFT Framework

Closes 27 Mar 2019

Opened 13 Feb 2019

Results expected 1 Jun 2019

Overview

The consultation sets out the proposed changes to the Island’s AML/CFT framework. The documents being consulted on are:

  • the Anti-Money Laundering and Countering the Financing of Terrorism Code 2019;
  • section 157 of the Proceeds of Crime Act 2008 and section 68 of Terrorism and Other Crime (Financial Restrictions) Act 2014;
  • the Anti-Money Laundering and Countering the Financing of Terrorism (Civil Penalties) Regulations 2019;
  • Schedule 4 to the Proceeds of Crime Act 2008; and
  • Schedule 1 to the Designated Businesses (Registration and Oversight) Act 2015.

Why We Are Consulting

The purpose of this consultation is to seek views on the proposed changes to the Island’s AML/CFT framework.

Give us your views

Areas

  • All Areas

Audiences

  • All residents

Interests

  • Legislation
  • Policies, strategies & plans
  • Finance