FSC issues revised AMLGNs
16 Mar 00
The FSC is today issuing revised
Anti-Money Laundering Guidance Notes. This revised version replaces the
original Guidance Notes which were issued in September 1996, following the
bringing into effect of the Criminal Justice Act 1995.
The revised notes have been prepared by the FSC in conjunction with the
financial sector with whom there has been extensive consultation. The notes
provide the relevant supervisory and regulatory guidance material to the
financial community. In addition the notes have been adopted by the
following bodies as relevant guidance :
- Association of Gibraltar Insurers and Managers,
- Association of Trust and Company Managers,
- Gibraltar Association of Stockbrokers and Investment Managers,
- Gibraltar Bankers' Association,
- Gibraltar Insurance Intermediaries' Association,
- Gibraltar Society of Chartered and Certified Accountancy Bodies.
The notes have been welcomed by the industry particularly as they offer
greater clarity on a number of operational issues. The revised notes brings
Gibraltar's practice into line with that currently applied in the UK.
Authorised and licensed institutions will shortly be receiving a
complimentary copy of the notes. Members of the public and institutions
wanting additional copies can download an order form from the FSC's web-site
The cost per copy is £30. A £3.00 postage and handling charge will be levied
on deliveries outside of Gibraltar.
Updates to the notes will be made easier due to the loose leaf binder
format and these will be available by way of download from the web-site
address given above.