AML update: regulatory expectations in respect of beneficial ownership & control


The Jersey Financial Services Commission (the "JFSC") recently published feedback from its 2022 thematic examination on the extent to which supervised persons complied with their regulatory obligations with respect to beneficial ownership and control ("BOC") (the "Feedback").

In addition to setting out a number of findings identified in the thematic examination, the Feedback sets out invaluable guidance on the JFSC's regulatory expectations in respect of compliance with BOC regulatory obligations, and what it considers to be best practice.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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