JFSC thematic results published – businesses are not complying with CDD obligations

In February and March 2021 the JFSC undertook a thematic exercise examining CDD, ECDD and the application of exemptions by 10 businesses in Jersey.  80% of businesses examined were unable to evidence a fully effective control environment, or in some cases, adequately robust arrangements for meeting the standards and requirements of the regulatory framework.

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A link to the source article can be found here