Description
*FULLY UPDATED IN FEBRUARY 2020* This book is aimed at non-executive directors of Jersey firms covered by the Money Laundering (Jersey) Order 2008 as amended. This Order places requirements on such firms to put in place policies and procedures to prevent and forestall money laundering and terrorist financing – and holds the directors of those firms responsible for ensuring that this is done to the required standard. It is essential that every director – whether executive or non-executive – is aware of the heightened requirements of Jersey’s AML/CFT regime, and of his specific responsibilities under the four tenets of that regime: customer due diligence, record-keeping, internal reporting, and staff training.
