Update to Island's anti-money laundering and financial terrorism legislation

Guidance documents will be published shortly

Legislative changes to the anti-money laundering and combatting of financial terrorism framework are being made to bring the Island into line with globally recognised standards. 

The Financial Services Authority, working in conjunction with the Department of Home Affairs is implementing the revisions, aimed at achieving consistency across the Island's AFM and CFT legislation.

The move will ensure greater alignment with the definitions and terminology set by the Financial Action Task force, which leads the global action to counter money laundering, terrorist and proliferation financing.

Guidance documents will be published shortly on the FSA's website to provide additional support and clarity for companies.