Why Do This Course
Completing this course helps estate agents understand their legal duties and protect both their clients and their business from the risks of financial crime. It ensures that those working in Jersey’s property sector can recognise suspicious activity, apply the correct checks, and comply with local AML laws and regulatory expectations.
Strengthens understanding of Jersey’s AML requirements for estate agents
Helps identify and respond to red flags linked to money laundering
Supports compliance with the Proceeds of Crime (Jersey) Law 1999 and the Money Laundering (Jersey) Order 2008
Reduces business and reputational risk by promoting a robust, risk-based approach
Course Curriculum
1. Introduction
An overview of AML in Jersey, why it matters to estate agents, your responsibilities, and how the course supports compliance. This section also sets expectations around reporting duties and the seriousness of failing to act.
2. Setting the Scene
Understanding Jersey’s regulatory landscape, including the role of the JFSC, Schedule 2 obligations, the risk-based approach, Business Risk Assessments, policies and procedures, MLRO/MLCO functions, and the influence of outside forces such as FATF and MONEYVAL.
3. What is Money Laundering?
Explains the concept of money laundering, predicate crimes, and how criminals generate and disguise illicit funds. Includes examples of serious offences listed in FATF recommendations.
4. The Money Laundering Process
A step-by-step explanation of placement, layering, and integration, including practical examples relating to property transactions. Emphasises recognising unusual activity and understanding your business environment.
5. The Negative Impact of Money Laundering
Covers global and local economic harm, social consequences, and reputational risks. Draws on statistics from UNODC and the UK NCA to show the scale of the problem.
6. The Jersey Law
A detailed overview of Jersey’s primary and secondary AML legislation, including:
the Proceeds of Crime (Jersey) Law 1999
the Money Laundering (Jersey) Order 2008
the Terrorism (Jersey) Law 2002
offences, penalties, failure to prevent, and the requirement to maintain adequate systems and controls.
7. Case Studies: Real-World AML Risks for Estate Agents
Practical, estate-agent-focused case studies covering:
property-based laundering
use of shell companies
fraud and tax evasion
cash-intensive businesses
drug-related laundering using professional services
Each case study includes red flags and behavioural warning signs grounded in Jersey examples.
8. Case Study Q&A Assessment
A guided scenario involving a local developer, exploring suspicion, source of funds concerns, red flags, and how an estate agent should respond. Designed to reinforce real-world decision-making.
9. Today’s Criminal
A look at how modern criminals operate, what they look for in weak systems, and why estate agents are attractive targets. Includes behavioural red flags and situational indicators.
10. Approach by the Authorities
A summary of JFSC examination findings, thematic review outcomes, expectations for DNFBPs, and required actions for estate agents based on 2023/2024 regulatory feedback.
11. Roles and Responsibilities
Clarifies obligations of the Board, MLCO, MLRO, and all employees. Reinforces personal liability and the expectation of honesty, integrity, and vigilance in day-to-day operations.
12. Reporting Requirements
Explains internal SARs, external SARs to the FIU, the meaning of knowledge, suspicion, and reasonable grounds, the danger of tipping-off, and the role of the MLRO/DMLRO.
Finally the Knowledge Check
A competency assessment covering all major learning objectives, including offences, red flags, reporting obligations, penalties, and practical AML decision-making.
Frequently asked questions
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The course is designed for Jersey estate agents and anyone working within a property business that falls under Schedule 2 of the Proceeds of Crime (Jersey) Law 1999. It is suitable for new starters as well as experienced staff who require annual AML refresher training.
Estate agents in Jersey are designated non-financial businesses and professions and must comply with the Money Laundering (Jersey) Order 2008 and the requirements of the JFSC. AML training helps staff understand their legal duties, identify red flags, and know when and how to report suspicions.
The course covers Jersey’s primary AML laws, including the Proceeds of Crime (Jersey) Law 1999, the Drug Trafficking Offences (Jersey) Law 1988, the Terrorism (Jersey) Law 2002, and the Money Laundering (Jersey) Order 2008, as well as relevant guidance from the JFSC Handbook.
Yes. The course contains detailed case studies involving real estate transactions, including red flags linked to unusual cash activity, shell companies, complex ownership structures, and unexplained sources of wealth. These scenarios help agents recognise risks in everyday work.
Yes. The course concludes with a knowledge check designed to demonstrate your understanding of key AML concepts, red flags, reporting duties, and Jersey's legislative requirements.
A CPD-accredited certificate is issued upon successful completion of the course. This helps demonstrate to the JFSC that the business maintains appropriate staff training.
Learners typically complete the course in around 60–90 minutes, depending on experience and reading speed.
Yes. Regular AML training is a requirement under the Money Laundering (Jersey) Order 2008 and the JFSC Handbook. Completing this course supports your business in meeting its obligations for staff awareness, competence, and record-keeping.
You must follow your company’s internal reporting procedures and submit your concerns confidentially to the MLRO or Deputy MLRO. The course explains how to recognise suspicion, what constitutes reasonable grounds, and why tipping-off is a criminal offence.
