Fees

The basis on which fees are payable for prescribed businesses are set out in The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 ("the Proceeds of Crime Law").  Paragraph 2(3)(b) of Schedule 5 to the Proceeds of Crime Law sets out that a fee is payable when a prescribed business submits its registration to the Commission, and paragraph 3(2) sets out that an annual fee is payable each calendar year, calculated in the same manner as in paragraph 2(3)(b). The current fee amounts payable are set out in The Financial Services Commission (Fees and Administrative Penalties) Regulations, 2025.
 
In order to assist firms the Commission has prepared the following summary of fees in general terms payable by prescribed businesses (lawyers, accountants and estate agents) in respect of the AML/CFT/CPF framework for such businesses. For information on the fee payable by individuals registered under the Director Registration Regime, please see the Director Registration Regime page.
 
Number of Staff Fee
1-5 £910
6-24 £1,035
25-49 £3,670
50 or more £5,750

Number of staff

The number of staff is the total number of full time (or full time equivalent) members of staff employed by or forming part of the firm and includes executive directors and partners.
 

Registration fee

A pro-rata registration fee is payable based on the registration fee calculated as shown above divided by 12 and multiplied by the number of calendar months (including the month in which the submission is made) between the submission of the firm's application for registration and the end of the calendar year inclusive.
 

Annual fee

An annual fee is calculated on the same basis as the table above and is payable by registered prescribed businesses on or within 30 days following 1 January in each calendar year. An annual fee is not payable by a firm for the same calendar year in which it is registered.

 

Reduction of fees

Any registration fee or annual fee will be reduced in the following circumstances:

  1. ​by 50% where the business fulfils one of the conditions set out under a) and b) below:
  2. ​by 75% where the business fulfils both of the conditions set out under a) and b) below:

​a) the business holds or is deemed to hold a licence, consent, registration, permission or authorisation from the Commission under any of the regulatory Laws*; ​ ​ ​ ​ ​

b) ​the business is a member of a group of companies where one or more other members of that group are also under an obligation to pay a fee to the Commission under Schedule 5 to the POC Law.

*For the avoidance of doubt, the discount described 'a)' above does not include holding a registration with the Commission as a prescribed business under Schedule 5 to the Proceeds of Crime Law.