AML/CFT Archived News

 

26 November 2008
Amendments to Schedules 1 and 2 to the Proceeds of Crime Law, etc.
Amendments to Schedules 1 and 2 to the Proceeds of Crime Law, etc....
09 October 2008
Business from Sensitive Sources Notice 1 for Prescribed Businesses
The Commission has issued Business from Sensitive Sources Notice (Number 1) for Prescribed Businesses...
10 September 2008
The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) (Amendment) Regulations, 2008 and the associated Handbook
The main changes to the December 2007 regulations for financial services businesses created by the amendment regulations...
09 September 2008
The Criminal Justice (Proceeds of Crime) (Legal Professionals, Accountants and Estate Agents) (Bailiwick of Guernsey) Regulations 2008 and the associated Handbook
In May the Commission consulted on a proposed AML/CFT framework for firms of legal professionals, accountants and estate agents when carrying out specified activities...
23 May 2008
A proposed AML/CFT framework for firms of legal professionals, accountants and estate agents
​The Commission has written to the managing partners of firms of legal professionals and accountants and to the managing directors of firms of estate agents in connection with consultation on a proposed AML/CFT framework...
10 April 2008
Business from Sensitive Sources Notice - Number 6
The Commission has issued a sixth Business from Sensitive Sources Notice...
15 December 2007
Legislation and Handbook - amendments to the Bailiwick's Framework for Countering Money Laundering and Terrorist Financing
The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 have now been signed by the Policy Council...
15 December 2007
Business from Sensitive Sources Notice 5
Link to Business from Sensitive Sources Notice 5...
18 September 2007
Amendments to the Bailiwick's Framework for Countering Money Laundering and Terrorist Financing
Following consultation with financial services businesses, the Criminal Justice Regulations 2007 and the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing are now complete...
10 September 2007
Guernsey International financial services commission
The Commission has become aware of a scam in which victims are asked to pay a fee in order to obtain “Certified Payment Liability Coverage”...
24 April 2007
Amendments to the Bailiwick's AML/CFT Framework
The Commission has written to various entities in connection with consultation on proposals to amend the Bailiwick's framework for countering money laundering and terrorist financing...
28 February 2007
Proposed Wire Transfer Legislation, Rules and Guidance
The Commission has prepared draft Bailiwick anti-money laundering and counter terrorist financing legislation on wire transfers to ensure that BACs can continue to be used by firms in the Islands for transfers between the Islands and the UK...
31 January 2007
Minor amendment to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Regulations and the Guidance Notes on the Prevention of Money Laundering and Countering the Financing of Terrorism
A minor amendment has been made by the Policy Council to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Regulations, 2002...
18 September 2006
2006 Speech to Cambridge Symposium on Economic Crime
Speech to Cambridge Symposium...
09 September 2005
2005 Speech to Cambridge Symposium on Economic Crime
Speech made to Cambridge Symposium on Economic Crime...
04 May 2005
Introducer Certificate
The Fiduciary Sector Policy Forum (FSPF) and the Association of Guernsey Banks (AGB) have worked closely with the Commission to produce an introducer certificate...
27 April 2005
Introduced Business - Statement No. 2
Representatives of the finance sector in Guernsey have requested clarification of the Commission's policy on certain aspects of introduced business...
30 June 2004
Statement on Anti-Money Laundering Standards for Existing Customers
Following the issue of revised Recommendations by the Financial Action Task Force in 2003, the Commission has issued a statement on anti-money laundering standards for existing customers...
02 April 2004
Statement on Interviews
The Commission has today published a statement on interviews conducted under section 21B(1) of the Financial Services Commission (Bailiwick of Guernsey) Law, 1987, as amended...
19 January 2004
Amendments to Appendix C of the Guidance Notes
The Commission has published a revised version of Appendix C of the Guidance Notes on the Prevention of Money Laundering and Countering the Financing of Terrorism...
18 December 2003
Statement on Introduced Business
The Commission is issuing a statement on introduced business...
25 November 2003
IMF Assessment of the Supervision and Regulation of the Financial Sector
Guernsey's financial regulation and law enforcement standards are commended in a report published today by the International Monetary Fund (IMF)...
16 July 2003
Consultation on Proposed Changes to Anti-Money Laundering Regulations and Guidance Notes
Notice issued in La Gazette Officielle on 16 July 2003...
13 June 2003
Seminar on International Cooperation and the Exchange of Information
The Guernsey Financial Services Commission has marked its fifteenth anniversary by sponsoring a seminar on international cooperation and the exchange of information...
20 February 2003
The Terrorism and Crime (Bailiwick of Guernsey) Law 2002 (Proscribed Organisations) (Amendment) Regulations 2003
Attention is drawn to these Regulations which came into effect on 8 January 2003...
10 December 2002
Bogus Banks – Intereurope Bank.com and IMBGroup Bank PLC
Entities which have recently come to the Commission's attention...
06 November 2002
Warning - European Private Investment Bank
European Private Investment Bank has been brought to the Commission's attention...
06 November 2002
Warning: Asia Pacific Group
Asia Pacific Group has been brought to the Commission's attention...
02 September 2002
Financial Sanctions - Zimbabwe
On 18 March 2002, the Zimbabwe (Export of Goods & Freezing of Funds) (Guernsey) Ordinance, 2002, came into force...
22 August 2002
Revised Guidance Notes on the Prevention of Money Laundering and Countering the Financing of Terrorism
​The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Regulations, 2002 came into force on 14 August, 2002...
22 August 2002
Business from Sensitive Sources Notice 4
Link to Business from Sensitive Sources Notice 4...
22 March 2002
Financial Sanctions - Zimbabwe - 21 March 2002
On 18 March the Zimbabwe (Export of Goods & Freezing of Funds) (Guernsey) Ordinance, 2002, came into force...
28 February 2002
Financial Sanctions - Zimbabwe - 28 February 2002
The Bank of England issued a news release on 21 February 2002 regarding EC Regulation 310/2002...
19 December 2000
Overriding Principles for a revised Know Your Customer framework - PDF document
Link to Overriding Principles for a revised Know Your Customer framework - PDF document ...
28 September 2000
The Offshore Group of Banking Supervisors Mutual Evaluation Report of the Anti-Money Laundering System in Guernsey
At its annual general meeting in September 2000 the Offshore Group of Banking Supervisors approved an in-depth evaluation which endorses the Bailiwick's anti-money laundering systems...
28 September 2000
Further International Backing for Guernsey - Financial Stability Forum
Link to Further International Backing for Guernsey, under External Evaluations...
23 June 2000
International Backing for Guernsey – FATF
Link to International Backing for Guernsey – FATF, under Publications...
12 December 1999
Progress Made on Edwards Suggestions
Link to Progress made on Edwards Suggestions, under External Evaluations...
02 December 1999
Report of the Advisory and Finance Committee on the Status of the Review of Regulation in the Crown Dependencies (the Edwards Review)
Link to Report of the Advisory and Finance Committee on the Status of the Review of Regulation in the Crown Dependencies (the Edwards Review), under External Evaluations...
20 October 1999
The future role of the Guernsey Financial Services Commission
Elsewhere in this book the Commission's objective has been described as being to provide effective, professional supervision and modern regulation of the finance sector to the highest international standards within a diverse and innovative environment...
15 September 1999
Bank Secrecy and Confidentiality: The Offshore Perspective – Orwell’s New World
Peter Crook's speech to The Cambridge International Symposium on Economic Crime - 15 September, 1999...
19 November 1998
The Edwards Report – Review of Financial Regulation in the Crown Dependencies
Link to The Edwards Report – Review of Financial Regulation in the Crown Dependencies, under External Evaluations...
Guernsey Financial Services Commission