| Department | Department for the Economy |
|---|
| Start date | 12/05/2023 |
|---|
| End date | 09/06/2023 |
|---|
| Type of consultation | Other |
|---|
| Deadline for comments | 09/06/2023 |
|---|
| Responses publish date | 28/07/2023 |
|---|
About the consultation
This consultation seeks views on proposed changes to the Money Laundering (Jersey) Order 2008 (MLO).
Draft Money Laundering (Amendment No. 12) (Jersey) Order 202-
Draft Money Laundering (Amendment No. 12) (Jersey) Order 202- Explanatory Note
Proposed changes
In order to better align the legislative anti-money laundering (AML) and countering the financing of terrorism (CFT) regime with the terminology and requirements under international AML and CFT standards or international best practices, the Government of Jersey is proposing to make a number of amendments to the Money Laundering (Jersey) Order 2008 (MLO).
The proposed amendments either look to align, clarify, or expand existing provisions in the MLO. It is proposed that the existing additional obligations imposed on financial groups regarding group-wide policies and procedures also apply to groups of designated non-financial businesses and professions.
The insertion of new provisions is proposed in order to enable the declassification of Politically Exposed Persons, after a certain period and subject to the application of a risk-based approach.
Consultation regarding amendments to the Money Laundering (Jersey) Order 2008
Responses to the consultation
Money Laundering (Amendment No. 12) (Jersey) Order 2023 - Response Paper
How to submit comments to the consultation
The consultation is now closed, but if you have any further comments they may be addressed by:
- email to b.hertstein@gov.je
- post to for the attention of (FAO) Dr Bastian Hertstein, Department for the Economy, 19-21 Broad Street, St Helier, JE2 3RR
Data protection
The information was processed in compliance with the Data Protection (Jersey) Law 2018. For more information see the Department for the Economy privacy notices.
Under the Freedom of Information (Jersey) Law 2011, information submitted to this consultation may be released if a Freedom of Information (FOI) request requires it, but no personal data may be released.
gov.je