The Commission is today issuing Instruction (Number 04/2014) for both financial services businesses and prescribed businesses.
The instruction has been issued as a result of amendments made to the legislation surrounding the reporting of suspicion.
The existing Handbooks are in the course of being reviewed and therefore to minimise the impact, and to avoid reprinting the full Handbook while the development continues, replacement pages of the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing, Chapter 10 Reporting Suspicion, and the Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime and Terrorist Financing, Chapter 8 Reporting Suspicion, have been compiled as replacement pages, together with a record of the changes applied.
The instructions and associated replacement chapters are being introduced with immediate effect.
22 August 2014