As part of our engagement with industry and the associations that represent them, the Commission learned of an anomaly in the way in which the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) treats pooled accounts operated by subsidiary companies of investment and fiduciary licensees. In response to industry feedback, the Commission has today made minor amendments to the guidance on pooled accounts in Chapter 9 of the Handbook to correct it.
The clean and tracked version of the Handbook (including Appendix I) can be accessed via the Handbook page.
