AML/CFT
Anti-money laundering and countering the financing of terrorism: the controls a firm runs so it is not used to move criminal or terrorist money.
Every AML/CFT regime is built on the same skeleton, set internationally by the FATF Recommendations: assess the firm’s risk, know your customer and who owns them, monitor the relationship, screen against sanctions, report suspicion and keep records. Many regimes now add CPF, countering proliferation financing.
What differs between jurisdictions is the detail: the thresholds, the timing, the forms and the guidance a supervisor expects to see followed.
Where the rules use it.
- FATF RecommendationsThe 40 Recommendations — the international standard every national AML/CFT/CPF regime is measured against.Global · 8 controls
- GFSC Handbook on Countering Financial Crime (AML/CFT/CPF)The Bailiwick's AML/CFT/CPF rules and guidance for financial services businesses and prescribed businesses, issued under the Criminal Justice (Proceeds of Crime) regulations.Guernsey · 8 controls
- JFSC AML/CFT/CPF HandbookHandbook for the prevention and detection of money laundering, terrorist financing and proliferation financing under the Money Laundering (Jersey) Order 2008.Jersey · 8 controls
- Isle of Man AML/CFT Code 2019The Anti-Money Laundering and Countering the Financing of Terrorism Code 2019, with the FSA's AML/CFT Handbook as guidance.Isle of Man · 8 controls
- UK Money Laundering Regulations 2017The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.United Kingdom · 8 controls
- EU AML Regulation (single rulebook)Directly applicable AML/CFT rules for obliged entities across the Union, supervised by AMLA (operational since July 2025).European Union · 8 controls