The Commission has made a number of changes to the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing and to the Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime and Terrorist Financing. The principal changes are to the chapters on UN, EU and Other Sanctions. A copy of the Handbook for Financial Services...
Banking
The Commission has written to financial services businesses in connection with Eurozone risk management. The Commission has noted that continuing action by governments in the Eurozone might not achieve the desired effect of improving financial stability. One or more Eurozone members may exit from Euro currency union, and reversion to local currencies is possible. Accordingly, the Commission has...
Eurozone Risk Management
On 28 of November the Commission issued: Instruction (Number 15) for Financial Services Businesses and Instruction (Number 13) for Prescribed Businesses For repealed Instructions and Business from Sensitive Sources, see the Instructions page on this website.
Instruction (Number 15) for Financial Services Businesses and Instruction (Number 13) for Prescribed Businesses
On 22nd of November the Commission issued the following instructions in relation to Iran: Instruction (Number 14) for Financial Services Businesses and Instruction (Number 12) for Prescribed Businesses
Instruction (Number 14) for Financial Services Businesses and Instruction (Number 12) for Prescribed Businesses
The Commission has today issued the Finance Sector Code of Corporate Governance. A copy of the press release and the Code can be found below: Press release Code of Corporate Governance
Code of Corporate Governance
The Guernsey Financial Services Commission and Germany’s banking, insurance and securities regulator, BaFin, have signed a Memorandum of Understanding (MoU), which provides a framework for enhanced cooperation between the two supervisory authorities. The MoU has been signed in the spirit of mutual cooperation and information exchange seen as crucial by the G20 countries and international standard...
GFSC signs Memorandum of Understanding with German Supervisory Authority
Appendix C of the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing has been revised to add Bulgaria, Estonia, Latvia, Lithuania and Liechtenstein as jurisdictions whose authorised financial services businesses may be treated as if they were local. A version of the revised Handbook, which includes coloured text to show the changes, has been placed on...
Change to Appendix C of the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing
On 4th of August the Commission issued: Instruction (Number 13) for Financial Services Businesses and Instruction (Number 11) for Prescribed Businesses For repealed Instructions and Business from Sensitive Sources, see the Instructions page on this website.
Instruction (Number 13) for Financial Services Businesses and Instruction (Number 11) for Prescribed Businesses
The Commission has made a number of changes to the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing and to the Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime and Terrorist Financing. The principal changes are to the chapters on Reporting Suspicion and UN, EU and Other Sanctions. A copy of the Handbook...