News

Fourth Quarter 2025 Guernsey Funds The total net asset value of Guernsey funds at the end of the quarter was £272.8 billion, which is virtually unchanged from the previous quarter. Over the past year, total net asset values have decreased by £17.3 billion (-5.9%). Closed-ended Schemes Within these totals, Guernsey closed-ended funds decreased over the quarter by £1.6 billion (-0.7%) to £224.4...

Please be advised that details in respect of the following individual: Gulbakhor ISMAILOVA (Unique ID: RUS1327) which is designated under The Russia (Sanctions) (EU Exit) Regulations 2019 , have been varied on the UK Sanctions List. The above individual is still subject to an asset freeze, travel ban, trust services sanctions and director disqualification sanctions, and a ppears on the UK...

The Commission can announce that it should be able to discount insurance industry fees for 2027 by 15-20% [1]. Today, the Commission issued a public statement detailing the action we have taken to fine an insurance licensee a total of £1.96mn. This is the largest fine levied since the States of Deliberation changed the Commission’s fining powers in 2017 in response to a MONEYVAL recommendation...

The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (the “Enforcement Powers Law”) The Insurance Business (Bailiwick of Guernsey) Law, 2002 The Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law 2002 The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (the “Regulations”)...

The Commission is pleased to note that our Deputy Director General (Policy and Supervision), Gillian Browning, has won a top Citywealth Powerwoman Award : the 2026 Global Standard Bearer for Women in Wealth. Gillian has directed wealth management supervision and policy in the Bailiwick of Guernsey for the past 11 years. William Mason, Director General, commented, “Gillian is well-known in Guernsey...

Please be advised that the Security Council Committee pursuant to Resolution 1988 (2011) concerning the Taliban has enacted an amendment to its sanctions list in relation to the following individuals: Mohammad Hassan AKHUND (TAi.002) Abdul Kabir MOHAMMAD JAN (TAi.003) Abdul Latif MANSUR (TAi.007) Fazl Mohammad MAZLOOM (TAi.023) Abdul Ghani Baradar ABDUL AHMAD TURK (TAi.024) Amir Khan MOTAQI (TAi...

Please be advised that details in respect of the following entity: OJSC KEREMET BANK (Unique ID: RUS2479) which is designated under The Russia (Sanctions) (EU Exit) Regulations 2019 , have been varied on the UK Sanctions List. The above entity is still subject to an asset freeze, trust services sanctions, director disqualification sanctions, prohibition on correspondent banking and clearing and a...

The Commission has today updated the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) to add Kuwait and amend Papua New Guinea’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 Commission wishes to remind all licensees...