The Jersey Financial Services Commission has published additional information sources to help businesses gain a better understanding of money laundering, the financing of terrorism and the proliferation of weapons of mass destruction.
The key to the prevention and detection of financial crime, says the Commission, lies in the implementation of and strict adherence to effective systems and controls based on international standards and best practices.
The documents do not introduce any new Code of Practice requirements, but may be used for the improvement of financial crime risk assessment and mitigation, compliance monitoring, staff training and other measures to increase the effectiveness of internal systems and controls.
The additional information sources can be found here.
According to the Commission, this does not constitute legal advice or a mandatory list of information sources and should be read in conjunction with its AML/CFT Handbook.