Articles from 2024

On Thursday 8 August and Friday 9 August 2024 the Commission will be hosting a series of sector specific presentations regarding the findings from its thematic review of Governance, Risk and Compliance Controls to Counter Financial Crime – Estate Agency, Legal and Accountancy Services published on 4 April 2024. These sessions will also cover recent changes to legislation relevant to these...

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 “Fiduciaries Law”) [1] The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey)) Regulations, 2007 (the “Regulations”)...

Please be advised that the Policy & Resources Committee has issued the attached general licence under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations, 2019, as implemented in the Bailiwick by the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 (the Russia Regulations). The licence can be found online at www.gov.gg/sanctionsmeasures. Please...

Please be advised that details in respect of Pavel Sergeevich BARCHUGOV (Group ID: 15545) Konstantin DENISOV (Group ID: 15765) FRACTAL MARINE DMCC (Group ID: 16392) who are currently subject to an asset freeze and trust services sanctions, have been amended. The persons/entities referred to above appear on the UK’s consolidated list, which can be found here . The UK regulations are given effect...

An exciting line-up of speakers has been confirmed for a technology conference jointly hosted by the Guernsey Financial Services Commission and Guernsey Finance. ‘Finovation: The Guernsey Edge’, taking place on Wednesday 11 September, will consider the opportunities for Guernsey to leverage its nimbleness, robust legal framework and approach to regulation to make financial services better with...

Investec Bank (Channel Islands) Limited is a wholly owned subsidiary of Investec Bank plc and is regulated by the Guernsey Financial Services Commission. It has been noted that criminals have been using the company’s details in an attempt to commit fraud. The fraud scheme has included posting adverts on social media sites offering fraudulent and misleading offers not connected to the genuine bank...