Ethics and governance in the European Financial centers

The Handbook for the prevention and detection of money laundering and the financing of terrorism has been issued in final draft form (2 July 2007) and will become effective from 1 January 2008, providing regulated financial services businesses with a 6 month period to implement the requirements of the AML/CFT Handbook. The Money Laundering (Jersey) Order 2007 has yet to be issued in final draft form. As a result, regulated financial services businesses should in this interim period refer to the paraphrased statutory requirements contained in the AML/CFT Handbook. Once available, the final draft form of the Money Laundering (Jersey) Order 2007 will be published on this webpage. Any necessary amendments to the AML/CFT Handbook will be made at this time. It is also intended that the Money Laundering (Jersey) Order 2007 will be effective from 1 January 2008.

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