JERSEY FIU 2024 Q3 SAR REPORT DATA
27/10/2024
The JERSEY FIU has published its FIU 2024 Q3 SAR report, which can be read here: https://go.fiu.je/2024Q3. - a summary is below:-
KEY FINDINGS IN THIS QUARTER'S REPORT SHOW:
👉 The number of SARs for the quarter
- Increased by 4.8% compared to the same period in 2023.
- But represented a decrease of 11.4% compared to Q2 2024.
👉 As per previous quarters, Banking was the largest reporting sector, accounting for 61.6% of all SARs submitted in Q3 2024.
👉 There was an increase of 19% in the volume of consent requests seeking Consent from the FIU to Act, Transact or Exit
👉 Finally, in this Q3 2024 report, the level of good reporting has been consistently maintained at approximately 84%
The report also includes a scenario related to potential typology relevant to Jersey, focusing on Bribery and Corruption.
SOURCES
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.