JERSEY update 30/6/2023 - Lending activity caught by the AML/CFT regime – new FAQS - EVENT
03/07/2023
During the implementation period around the removal of specific exemptions from AML/CFT, the lending community has raised issues regarding the requirements of specific individuals to register under Schedule 2 of the POCL.
The Government and the JFSC have considered various representations, and it has become clear that further engagement is required with this sector concerning the need for registration.
Therefore, the Government and the JFSC propose working with the lending community to apply the AML/CFT regime in Jersey.
FAQS
The JFSC published additional questions to the Lending FAQs ON 30 June 2023
EVENT
- The JFSC will also be hosting an event specifically for private lenders to discuss the application of the AML/CFT regime in the latter half of July.
DROP-IN SESSION SESSIONS
FINALLY, Throughout July, the JFSC will host bookable drop-in sessions at the JFSC offices.
These informal sessions have been set up to provide support with the registration process and will be held as follows:
- Afternoon of 11 July 2023
- Morning of 12 July 2023
- Afternoon of 19 July 2023
- Afternoon of 20 July 2023
- Morning of 21 July 2023
If you would like to book a 20-minute slot contact Schedule2@jerseyfsc.org.
Source
https://www.jerseyfsc.org/news-and-events/lending-activity-caught-by-the-amlcft-regime/
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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.