Prior to November 2009 the Commission issued Business from Sensitive Sources Notices, which required enhanced customer due diligence measures to be undertaken by financial services businesses and prescribed businesses in Guernsey when taking on business or transactions from specified countries or territories. 

 

In November 2009 the Commission issued a further series of requirements.  As these requirements go beyond enhanced customer due diligence measures in relation to specific jurisdictions the Commission issued them in the form of Instructions rather than Business from Sensitive Sources Notices.  

 

  Instruction (Number 1) for Financial Services Businesses - Corporate Governance and Internal Controls 

  Instruction (Number 2) for Financial Services Businesses - Suspicion Reports

  Instruction (Number 3) for Financial Services Businesses - Wire Transfers

  Instruction (Number 4) for Financial Services Businesses - Introduced Business

Instruction (Number 10) for Financial Services Businesses - Business from Sensitive Sources - repealed 

 

 

On 12 March 2012 the Commission issued:

 

 

Instruction (Number 13 ) for Prescribed Businesses is hereby repealed and provided below for information only

 

 

  Instruction (Number 1) for Prescribed Businesses - Corporate Governance and Internal Controls

  Instruction (Number 2) for Prescribed Businesses - Suspicion Reports

  Instruction (Number 3) for Prescribed Businesses - Introduced Business

Instruction (Number 5) for Prescribed Businesses - Business from Sensitive Sources - superseded

Instruction (Number 8) for Prescribed Businesses - Business from Sensitive Sources - repealed 

Financial Services Businesses

Prescribed Businesses - Legal Professionals, Accountants and Estate Agents