Change to Appendix C of the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing
30th July 2010Financial services businesses are advised that, as identified in Instruction Number 10 issued on 5 July, Greece continues to be included on the list of jurisdictions which the Financial Action Task Force considers to have strategic AML/CFT deficiencies. The Commission has therefore decided to remove Greece from Appendix C to the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing.
Whilst existing business relationships through introducers in Greece may be maintained, subject to the requirements of Instruction Number 10, financial services businesses are not able to accept any new introduced business with entities in Greece even where the introducer is an existing introducer.
The revised handbook for financial services businesses is available on the legislation and guidance page of the website together with a version of the handbook which includes coloured text to show the change referred to above.
Whilst existing business relationships through introducers in Greece may be maintained, subject to the requirements of Instruction Number 10, financial services businesses are not able to accept any new introduced business with entities in Greece even where the introducer is an existing introducer.
The revised handbook for financial services businesses is available on the legislation and guidance page of the website together with a version of the handbook which includes coloured text to show the change referred to above.