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Guernsey
Isle of Man
Jersey
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February
2008 - REGULATED FINANCIAL SERVICES
BUSINESSES
In
order to comply with the latest PREVENTION
AND DETECTION OF MONEY LAUNDERING & THE FINANCING OF TERRORISM requirements,
as regulated by the JERSEY
FINANCIAL SERVICES
COMMISSION, organisations will be required to show that they have
undertaken steps to vet their staff. This will not only
apply to individuals working
under a contract of employment, but must also include temporary and
contract staff, and the staff of any third parties
fulfilling a function in relation to a relevant
person under an outsourcing agreement.
To
demonstrate that vetting
procedures are appropriate will require
one or more of the following checks as appropriate for the nature of the employee's role and
responsibilities:
Obtain
and confirm references
Obtain and confirm employment history and
qualifications
Obtain details of any regulatory action taken against
the individual (or absence of such)
Obtain and confirms details of any criminal convictions
(or absence of such convictions).
Working with Comsure’s, Jersey based, team of regulatory compliance experts who are well versed in
providing top-level advice on minimising
business' exposure enables us to offer a unique Off
Shore service.
If you would like further details contact either Jim
O'Neill or Mathew Beale.
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