News

Financial Crime

Change to Appendix C of the Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime and Terrorist Financing

4th August 2011
​Appendix C of the Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime ad Terrorist Financing has been revised to add Bulgaria, Estonia, Latvia, Lithuania and Liechtenstein as jurisdictions whose financial services businesses and prescribed businesses may be treated as if they were local. A version of the revised Handbook, which includes coloured text to...

Changes to the AML/CFT Handbooks

7th July 2011
The Commission has made a number of changes to the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing and to the Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime and Terrorist Financing. The principal changes are to the chapters on Reporting Suspicion and UN, EU and Other Sanctions. A copy of the Handbook...

Guernsey adopts revised restricted measures against Belarus

7th July 2011
The EU has issued Council Regulation (EU) No. 588/2011, which added further individuals and entities to Annex 1A to Council Regulation (EC) No. 765/2006 and amended the 2006 regulation to impose an arms embargo. The changes take effect in Guernsey under the Belarus (Freezing of Funds) (Guernsey) (Amendment) Ordinance, 2011 and the Belarus (Freezing of Funds) (Guernsey) Ordinance, 2006. Financial...

Five new Deputy Directors appointed at GFSC

13th May 2011
​ FIVE new Deputy Directors have been appointed at the Guernsey Financial Services Commission. They will fill four vacant positions besides one newly created. All the successful candidates have been recruited from inside the Commission. The new post is a second Deputy Director of the Investment Business Division, in order to strengthen the department. The appointments are: Emma Bailey and Louise...

Instruction (Number 12) for Financial Services Businesses and Instruction (Number 10) for Prescribed Businesses

4th April 2011
​ On 4th April the Commission issued: Instruction (Number 12) for Financial Services Businesses and Instruction (Number 10) for Prescribed Businesses For repealed Instructions and Business from Sensitive Sources Notices, see the Business from Sensitive Sources & Instructions page of this website.

AML/CFT Notice - Prescribed Businesses and Financial Services Businesses

4th April 2011
​ The EU has revised its sanctions list in relation to Belarus to include President Lukashenko and certain officials of Belarus. Accordingly, Council Implementing Regulation (EU) No 271/2011 has amended Annexes 1 and 1A to Council Regulation (EC) No 765/2006. Council regulation (EC) No 765/2006 is implemented in Guernsey by the Belarus (Freezing of Funds) (Guernsey) Ordinance, 2006 which is made...