Proposed amendments to the Handbook on Countering Financial Crime to cover counter proliferation financing

Overview

The consultation paper seeks comments on the proposed amendments to rules and guidance in the Handbook to support the extension of the existing obligations upon specified businesses to countering proliferation financing. 

The Commission is also taking the opportunity to update the Handbook to take account of the recent publication of the second national risk assessment on the money laundering (“ML”), terrorist financing (“TF”) and proliferation financing (“PF”) risks to the Bailiwick, changes to the rules on pooled bank accounts for local businesses and changes to chapter 12 of the Handbook on UN, UK and Bailiwick sanctions, as well as other minor changes.