News

Articles from 1998-2010

Warning: Asia Pacific Group

6th November 2002
The above organisation has recently been brought to the Commission's attention. It has been noted from their web site at www.asiapacific-group.com that it claims that the company has a representative office in Guernsey. The Commission wishes to make it clear that the address given on the web site is not connected to the Asia Pacific Group or any other financial services business. Furthermore, the...

Warning - European Private Investment Bank

6th November 2002
The above-named entity has been brought to the Commission's attention. It has been noted from its web site at europeanprivateinvestmentbank.com that it claims to be licensed by the Commission to conduct banking business. As with similar claims made by other organisations previously referred to by the Commission, this is false. You are therefore advised not to have any contact with this entity...

Financial Sanctions - Zimbabwe

2nd September 2002
​On 18 March 2002, the Zimbabwe (Export of Goods & Freezing of Funds) (Guernsey) Ordinance, 2002, came into force. The equivalent Ordinances came into effect in Sark and Alderney on 3 April and 17 April 2002, respectively. The effect of the Ordinances is to impose restrictive measures, in particular the freezing of funds, financial assets and economic resources, belonging to those members of the...

Revised Guidance Notes on the Prevention of Money Laundering and Countering the Financing of Terrorism

22nd August 2002
​The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Regulations, 2002 came into force on 14 August, 2002. These are a consolidation of earlier regulations but also contain additional references to terrorism following the enactment of the Terrorism and Crime (Bailiwick of Guernsey) Law, 2002 and other anti-terrorism legislation. As such, the Guernsey Financial Services Commission's...

Revised Guidance Notes on the Prevention of Money Laundering and Countering the Financing of Terrorism

22nd August 2002
​22 August 2002 The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Regulations, 2002 came into force on 14 August, 2002. These are a consolidation of earlier regulations but also contain additional references to terrorism following the enactment of the Terrorism and Crime (Bailiwick of Guernsey) Law, 2002 and other anti-terrorism legislation. As such, the Guernsey Financial Services...

West African Letters

4th August 2002
​The Guernsey Financial Services Commission and Guernsey Police are aware that a number of businesses and individuals within Guernsey have received correspondence from fraudsters, offering large cash sums for a small outlay and a supposedly risk-free transaction in return for getting the money out of their country. This correspondence invariably purports to come from an official in a foreign...

Cold Calling

1st June 2002
​The Guernsey Financial Services Commission has recently investigated a number of cases where Bailiwick residents have received unsolicited telephone calls from staff of investment businesses that do not have their place of business in the Bailiwick.The practice, where a person makes an unsolicited call to a potential investor seeking to sell them investments during the course of that call, is...

Bailiwick Residents - Cold Calling

1st June 2002
Alert to all Bailiwick Residents - Cold Calling The Guernsey Financial Services Commission has recently investigated a number of cases where Bailiwick residents have received unsolicited telephone calls from staff of investment businesses that do not have their place of business in the Bailiwick. The practice, where a person makes an unsolicited call to a potential investor seeking to sell them...