Handbook on Countering Financial Crime and Terrorist Financing
In March 2019 the Commission published the Handbook on Countering Financial Crime and Terrorist Financing applicable to all financial services businesses and prescribed businesses, collectively referred to as "specified businesses" for the purposes of the revised AML/CFT framework.
A copy of the 1 March 2019 Handbook can be found below, together with a tracked version reflecting the changes made since the final draft version issued on 12 November 2018.
The 2007/8 Handbooks
Following the introduction of the Commission's 2019 Handbook on Countering Financial Crime and Terrorist Financing on 31 March 2019, the 2007 Handbook for Financial Services Businesses ("the FSB Handbook") and the 2008 Handbook for Prescribed Businesses ("the PB Handbook") have been repealed. However, as part of the 2019 Handbook, transitional provisions have been included to provide firms with the time to bring their policies, procedures and controls up to date with the revised regime.
The June 2017 versions of the FSB and PB Handbooks have therefore been provided below for reference.
The Relevant Enactments
The Bailiwick's AML and CFT framework includes the following legislation, collectively referred to as the Relevant Enactments: