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Money laundering handbook launched

The Financial Supervision Commission has launched its Anti-Money Laundering and Countering the Financing of Terrorism Handbook.

The long-awaited document guides licenceholders through the minefield of issues surrounding the fight against money-laundering, but it isn’t quite complete yet.

The FSC says section nine of the handbook will give specific advice for different sectors of the economy.

But before that section is issued, the commission wants to consult with the industry.

The new handbook will come into effect on August 1 to correspond with the introduction of part of the Financial Services Rule Book.

You can find your copy of the handbook at the government’s website, gov.im

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