This page will be updated at regular intervals

 

 

14 December 2009 - Prescribed businesses are advised that the Commission has made a number of changes to the Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime and Terrrorist Financing. The changes came into force on 31 December 2009.

24 December 2009 - The Commission issued a simplified overview of its AML/CFT framework.

22 February 2010 - The Policy Council signed the Criminal Justice (Proceeds of Crime) (Legal Professionals, Accountants and Estate Agents) (Bailiwick of Guernsey) (Amendment) Regulations, 2010 and the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 (Amendment of Schedules 1 and 2) Regulations, 2010. The amendments to Schedule 2 come into force on 4 October 2010.

21 June 2010 - The Policy Council signed the Criminal Justice (Proceeds of Crime) (Legal Professionals, Accountants and Estate Agents) (Bailiwick of Guernsey) (Amendment) (No. 2)  Regulations, 2010.  Regulation 1(b) comes into force on 30 July 2010, the other regulations came into force on 21 June 2010. 

The Regulations, Handbook and Business from Sensitive Sources Notices which apply to all registered prescribed businesses are available using the following links:

 Handbook - as at August 2010 

 

(The Handbook contains a consolidated version of the Regulations in Appendix E.  For information, the separate regulations are also available below):

The Criminal Justice (Proceeds of Crime) (Legal Professionals, Accountants and Estate Agents) (Bailiwick of Guernsey) Regulations, 2008

 

The Handbook linked below is coloured in red to identify the areas of change since December 2009:

 

Handbook - with changes identified - as at August 2010 

 

The Regulations include a requirement for prescribed businesses to certify to the Commission annually that they comply with the requirements of the Regulations, the Handbook and any instructions and notices issued by the Commission (see Regulation 28). 

 

The Guernsey AML/CFT framework also includes enactments which can are referred to in the Handbook as the relevant enactments:

 

Please also see:

 

 

 

 

For further information on anti-money laundering and countering the financing of terrorism please see the FATF website at www.fatf-gafi.org and the Egmont case studies.