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Consultation launched on money-laundering laws

The island's financial regulator is asking for views as it considers updating the laws around money-laundering and stopping the financing of terrorism.

The Financial Services Authority is holding a consultation because the changes might mean more businesses fall under its designated business framework.

In particular, the new laws would mean money-laundering legislation applies to those administering or managing money on behalf of another person.

You can find a the consultation here.

 

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