AML/CFT Sector Specific Guidance Notes
The IOMFSA have published further AML/CFT sector specific guidance notes.
The full list of revised guidance by sector as at today (8 September 2021) is:
- Financial Services Act 2008 – CLASS 1 – Banking
- Financial Services Act 2008 – CLASS 2 – Investment Business
- Financial Services Act 2008 – CLASS 3 & Collective Investments Schemes Act 2008 – Collective Investment Schemes and Businesses providing services to Collective Investment Schemes
- Financial Services Act 2008 – CLASS 8 – MTS – Payment as principal and E-money
- Financial Services Act 2008 – CLASS 8 – MTS – Bureau de change, cheque cashing and payment services as agent
- Designated Businesses (Registration and Oversight) Act 2015 – Accountants and Tax Advisors
- Designated Businesses (Registration and Oversight) Act 2015 – Advocates and registered legal practitioners
- Designated Businesses (Registration and Oversight) Act 2015 – Convertible Virtual Currency Activity
- Designated Businesses (Registration and Oversight) Act 2015 – Estate Agents
- Designated Businesses (Registration and Oversight) Act 2015 – High value goods Dealers
- Designated Businesses (Registration and Oversight) Act 2015 – Moneylenders and providers of financial guarentees / commitments
- Designated Businesses (Registration and Oversight) Act 2015 – Payroll agents
No sector specific guidance has yet been issued for Trust and Corporate Service Providers, Crowdfunding Platforms, Credit Unions, Pensions, General Insurance or for Life Insurance. All previously issued guidance has been withdrawn from the IOMFSA site.
View the source article.
