Amendments to the Anti-Money Laundering and Countering the Financing of Terrorism Handbook ("AML/CFT Handbook") include the removal from Appendix G(a) (formerly Appendix G) of the reference to the FATF statement of 18 February 2010 entitled "Improving Global AML/CFT Compliance: On-Going Process" and countries referred to within that statement.
A new Appendix G(b) has been added entitled "Countries and territories covered by other statements from international bodies" drawing the statement issued by the FATF on 18 February 2010 entitled "Improving Global AML/CFT Compliance: On-Going Process" to the attention of licenceholders in order that it can be taken into account when conducting risk assessments and in respect of AML/CFT systems and controls. Business relationships and one-off transactions with persons or legal arrangements resident or located in jurisdictions listed in Appendix G(b) do not need to be treated automatically as higher risk.
Section 4.5.1 of the AML/CFT Handbook has also been amended to allow, on an exceptional basis where the certifier is unable to provide the full certification wording for identity documents, the flexibility to accept the wording "certified as a true copy of the original".
Full details of the changes made to the AML/CFT Handbook
Amended AML/CFT Handbook
A new Appendix G(b) has been added entitled "Countries and territories covered by other statements from international bodies" drawing the statement issued by the FATF on 18 February 2010 entitled "Improving Global AML/CFT Compliance: On-Going Process" to the attention of licenceholders in order that it can be taken into account when conducting risk assessments and in respect of AML/CFT systems and controls. Business relationships and one-off transactions with persons or legal arrangements resident or located in jurisdictions listed in Appendix G(b) do not need to be treated automatically as higher risk.
Section 4.5.1 of the AML/CFT Handbook has also been amended to allow, on an exceptional basis where the certifier is unable to provide the full certification wording for identity documents, the flexibility to accept the wording "certified as a true copy of the original".
Full details of the changes made to the AML/CFT Handbook
Amended AML/CFT Handbook
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