Report of the Advisory and Finance Committee on the Status of the Review of Regulation in the Crown Dependencies (the Edwards Review)2nd December 1999
1. Executive Summary
2. Background to the Edwards Review
In some cases the Advisory Group has concluded after lengthy evaluation by experts that suggestions, which at first sight appeared to have merit, cannot be commended and the Committee has concurred. In other areas where the Report suggested that changes should be made first in the UK or internationally, the Advisory Group has been directed by the Committee to keep abreast of such developments on a continuing basis and report to the Committee when appropriate.
3. Guernsey's response to the principal measures discussed in the Report
3.1 All Crimes Money Laundering
3.2 PACE Law or Equivalent
3.3 International Co-operation Law
3.4 Regulation of Director Services
- A Personal Licence permitting an individual to act as director, co-trustee or protector; and
- A Fiduciary Licence for companies and partnerships providing fiduciary services.