News

Amendments to the AML/CFT Legislation and the Handbooks

28th March 2013

The Policy Council has signed the following amendment regulations, which came into force today:

 PDF File IconThe Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) (Amendment) Regulations, 2013

PDF File IconThe Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 (Amendment of Schedules 1 and 2) Regulations, 2013

PDF File IconThe Criminal Justice (Proceeds of Crime) (Legal Professionals, Accountants and Estate Agents) (Bailiwick of Guernsey) (Amendment) Regulations, 2013

and

PDF File IconThe Registration of Non-Regulated Financial Services Businesses (Bailiwick of Guernsey) Law, 2008 (Schedule 1 Amendment) Regulations, 2013.

The AML/CFT Handbooks have been amended to reflect these changes, together with other revisions, following the consultation in 2012. For ease of reference copies of the Handbooks have also been prepared identifying the changes made.

The Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing can be found here.
 
The Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime and Terrorist Financing can be found here.
 

Versions of the Schedules which are amended by these regulations are shown below indicating the changes in coloured text:

PDF File IconSchedule 1 to the Registration of Non-Regulated Financial Services Businesses (Bailiwick of Guernsey) (Law), 2008 (tracked)

PDF File IconSchedules 1 and  2 to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 (tracked)