Financial Crime

The Commission has today updated the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) to remove Bulgaria and Monaco from the Appendix I list of higher risk jurisdictions. This follows the Financial Action Task Force’s (“FATF”) decision to remove them from its list of jurisdictions under increased monitoring. FATF has also removed Côte d’Ivoire and the Democratic Republic of...

The Commission together with the Policy & Resources Committee has today issued a simultaneous consultation paper on proposed changes to address the Recommended Actions made by MONEYVAL relating to the supervisory framework in its evaluation report published in early 2025. Changes are being proposed to both the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) and Schedule 3 to...

On Friday, the Commission published amendments to the Financial Crime Returns Rules (“the FC Returns Rules”) to take account of the revision to the previously named ‘Financial Crime Risk – Intermediary Annual Return’ (“Form 152”), now named ‘Financial Crime Risk – Investment Vehicles Return’. The revision of Form 152 has been conducted in collaboration with the fund administration sector and...

The Commission has today updated the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) to amend Iraq and Bosnia & Herzegovina’s entry on the Appendix I list of higher risk jurisdictions. This is following the Financial Action Task Force’s (“FATF”) decision to include them in its list of jurisdictions under increased monitoring. The Handbook has also been updated to remove...

The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 ("the Enforcement Powers Law") The Regulation of Fiduciaries, Administration Business and Company Directors, etc. (Bailiwick of Guernsey) Law, 2020 ("the Fiduciaries Law") The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 ("the Proceeds of Crime Law") The Criminal Justice (Proceeds of...

The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 ("the Enforcement Powers Law") The Regulation of Fiduciaries, Administration Business and Company Directors, etc. (Bailiwick of Guernsey) Law, 2020 ("the Fiduciaries Law") The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 ("the Proceeds of Crime Law") The Criminal Justice (Proceeds of...

On 4 June 2026, the Guernsey Financial Services Commission (“the Commission”) decided: To impose a financial penalty of £125,000 under section 39 of the Enforcement Powers Law on Mr Domaille. To impose a financial penalty of £40,000 under section 39 of the Enforcement Powers Law on Mr Clarke. To impose a financial penalty of £22,500 under section 39 of the Enforcement Powers Law on Mrs Hannis. To...

The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (“the Enforcement Powers Law”) The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2020 (“the 2020 Fiduciaries Law”) The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (“the Regulations”)...

The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (“the Enforcement Powers Law”) The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2020 (“the 2020 Fiduciaries Law”) The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (“the Regulations”)...