Legislation and Guidance

This page provides links to relevant laws, regulations, instructions, rules, codes, guidance and other documents.  It should be noted that, whilst the Commission has taken all reasonable steps to ensure that the information shown on this website is accurate, the Commission does not accept any responsibility for errors made.  Where possible links have been provided to the relevant page of the Guernsey Legal Resources ("GLR") website reflecting up-to-date consolidated versions of laws and regulations.  Original versions can also be found on the GLR website.  Please note, the Commission cannot be held responsible for the content of external websites.

The following relevant legislation is posted and reproduced with the consent of the States of Guernsey.

Law

Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) (Amendment) Ordinance, 2017 521.8KB -
Disclosure (Bailiwick of Guernsey) Law, 2007 (Consolidated text) 345.4KB
Libya (Restrictive Measures) (Guernsey) Ordinance, 2011 (Consolidated text) 153.8KB
Terrorist Asset Freezing etc Act 2010 (Guernsey) Order 2011 112.9KB

Regulations

Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (Consolidated as at 2013) 466.1KB
Criminal Justice (Proceeds of Crime) (Legal Professionals, Accountants and Estate Agents) (Bailiwick of Guernsey) Regulations, 2008 (Consolidated as at 01/01/2014) 532.1KB
Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007 (Consolidated text) 343.2KB

Instructions

Financial Services Businesses Instruction (Number 01) 57.9KB
Financial Services Businesses Instruction (Number 02) 47KB
Financial Services Businesses Instruction (Number 03) 55.7KB
Financial Services Businesses Instruction (Number 04) 55.9KB
Financial Services Businesses Instruction (Number 05) 17.2KB
Financial Services Businesses Instruction (Number 06) 50.2KB
Financial Services Businesses Instruction (Number 14) Business from Sensitive Sources - Iran 55.9KB
Instruction Number 01/2017 for Financial Services Businesses 367.3KB -
Instruction Number 01/2017 for Prescribed Businesses 367.1KB -
Instruction Number 02/2017 for Financial Services Businesses 269.1KB -
Instruction Number 02/2017 for Prescribed Businesses 268.9KB -
Instruction Number 03/2017 for Financial Services Businesses 268KB -
Instruction Number 03/2017 for Prescribed Businesses 267.8KB -
Instruction Number 04/2017 for Financial Services Businesses 271.7KB -
Instruction Number 04/2017 for Prescribed Businesses 271.5KB -
Instruction Number 04/2019 for Specified Businesses 154.8KB -
Instructions and Notices - Record of Changes 396.8KB -
Prescribed Businesses Instruction (Number 01) 53.9KB
Prescribed Businesses Instruction (Number 02) Suspicion Reports 49.1KB
Prescribed Businesses Instruction (Number 03) 52.7KB
Prescribed Businesses Instruction (Number 04) 17.4KB
Prescribed Businesses Instruction (Number 12) Business from Sensitive Sources - Iran 56KB

Rules

Cyber Rules and Guidance, 2021 1.1MB -

Codes

Code of Corporate Governance 337.2KB -

Guidance

AML/CFT Typologies - Jersey 636.2KB
Charities and NPO Case Studies 46KB
Cyber Rules and Guidance, 2021 1.1MB -
Dealers in High Value Goods - Example 45.1KB
Egmont Financial Analysis Cases 2011-2013 6MB
FATF:Trade Based Money Laundering 0.9MB
Feedback and Typologies STR 590.3KB
Feedback on AML/CFT on-site visits 137.7KB
Financial Crime Risk Return (Form 151) Guidance 347.8KB -
Guidance Note June 2014 521.9KB
Risk-based Supervision in Guernsey 376KB
Simplified Guidance on the AML-CFT Framework 193.4KB
Social Media Issues 31.4KB
Statement on Anti-Money Laundering Standards for Existing Customers 103.4KB
World Bank working paper: Non Profit Organizations and the Combatting of Terrorism Financing 1.2MB

Other

Commission SAR Presentation Summary 354.4KB
GACO Samantha Sheen Presentation (29-01-14) 234.4KB
Samantha Sheen NED Forum Presentation (09-12-13) 237.3KB

Consultations

Consultation Paper 2017 Fee Proposals 393.5KB
Consultation Paper on the Codes and Guidance Documents proposed to be re-issued under Revision of Laws 539.1KB -
Cyber Rules Consultation Paper Feedback 751.8KB -
GFSC - 2022 Fee Consultation Paper 373.5KB -
Revisions to the Bailiwick's AML/CFT Framework 557.8KB -
Spring Green Consultation Paper 636KB -

FATF Guidance

2012 July - Specific Risk Factors in the Laundering of Proceeds of Corruption 1.3MB -
2013 June - ML and TF vulnerabilities legal professionals 1.3MB -
2013 June - Risk Based Approach to Prepaid Cards Mobile Payments and Internet-Based Payment Services 1.1MB -
2014 June - Risk of terrorist abuse in non-profit organisations 1.9MB -
2014 October - Risk Based Approach Banking Sector 1.4MB -
2015 June - Risk Based Approach to Virtual Currencies 607.1KB -
2016 February - Risk Based Approach for Money Value Transfer Services 3.3MB -
2018 July - FATF Egmont Concealment beneficial ownership 2.7MB -
2018 October - Risk Based Approach Life Insurance 3.1MB -
2018 October - Risk Based Approach Securities Sector 3.1MB -
2019 July - Terrorist Financing Risk Assessment Guidance 3.9MB -
2019 June - Risk Based Approach Accounting Profession 1MB -
2019 June - Risk Based Approach Legal Professionals 2.1MB -
2019 June - Risk Based Approach to Virtual Assets and Virtual Asset Service Providers 2MB -
2019 June - Risk Based Approach Trust and Company Service Providers 1.8MB -
2019 October - Best Practices Beneficial Ownership Legal Persons 2.9MB -
2020 March - Guidance on Digital ID 3.4MB -
2020 May - COVID-19-related Money Laundering and Terrorist Financing 1.7MB -