News

Articles from 2017

Mr Philip Anthony John Montague, (Date of Birth 22 May 1963) Old Cobo Farm House, Cobo Coast Road, Castel GY5 7HE

14th June 2017
Date of prohibition order, law under which made and prohibited functions: The Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2000, as amended from 14 June 2017 until 14 June 2024: any function in relation to a regulated activity carried on by or for a licensed fiduciary. The Protection of Investors (Bailiwick of Guernsey) Law, 1987, as...

Mr Lee Timothy Barkman (Date of Birth 27 December 1961) of Les Fontaines, Kings Road, St Peter Port, Guernsey GY11QA.

14th June 2017
The Commission has imposed a prohibition order against Mr Barkman for: serious corporate governance failings in respect of unlicensed companies while acting as a purported director of these companies; providing promotion and investment advice on investments, without having the appropriate license; acting in breach of cell particulars. Date of prohibition order, law under which made and prohibited...

Capital Solutions Limited, Stillwater Worldwide Limited, Stillwater Investment Enterprise Limited, Philip Anthony John Montague, Terence Joseph Scullion, David John de Carteret

14th June 2017
The Financial Services Commission (Bailiwick of Guernsey) Law, 1987, as amended ("the Financial Services Commission Law"); The Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended ("the Protection of Investors Law"); The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2000, as amended ("the Fiduciaries Law"); The Banking...

Consultation on Revisions to the Bailiwick’s AML/CFT Framework

9th June 2017
The Policy and Resources Committee of the States of Guernsey ("P&R") and the Guernsey Financial Services Commission ("the Commission") are today issuing simultaneously a joint consultation on revisions to the Proceeds of Crime legal and regulatory framework. The revisions bring the Bailiwick's AML/CFT framework into line with international standards issued in 2012 by the Financial Action Task...

Sanctions Notice - ISIL (Da’esh) and Al-Qaida Network

9th June 2017
Please be advised that the United Nations Security Council has amended the details in respect of one entity (“the listed person”) on the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. All persons on the list are subject to restrictive measures which include targeted financial sanctions. Further details are available here...

2016 Annual Report and Financial Statements

9th June 2017
The Commission has today published its 2016 annual report and financial statements. Amongst the key themes explored in this year’s report is the role of boards and Non-Executive Directors, their responsibilities for assessing and controlling the risks faced by their firms as well as the importance of establishing and maintaining appropriate governance arrangements. The report also highlights the...

Sark Company Registry

17th May 2017
It has come to the Commission’s attention that there is an entity named Sark Company Registry which has been registered as a non-profit organisation in Sark and which has a website bearing the same name. The Commission wishes to emphasise that there is no company legislation in Sark. Anyone considering using the services of this organisation is advised to seek legal advice on the standing of...

Sanctions Notice - ISIL (Da’esh) and Al-Qaida Network

10th May 2017
This Notice is issued further to a previous Sanctions Notice issued in relation to the deletion of three individuals from the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. Please be advised that a corresponding change has now been made to the list maintained by the European Union under Council Regulation (EC) No 881...