Banking

Financial services businesses are advised that, as identified in Instruction Number 10 issued on 5 July, Greece continues to be included on the list of jurisdictions which the Financial Action Task Force considers to have strategic AML/CFT deficiencies. The Commission has therefore decided to remove Greece from Appendix C to the Handbook for Financial Services Businesses on Countering Financial...

Prior to November 2009 the Commission issued Business from Sensitive Sources Notices, which required enhanced customer due diligence measures to be undertaken by financial services businesses and prescribed businesses in Guernsey when taking on business or transactions from specified countries or territories. In November 2009 the Commission issued a further series of requirements. As these...

Handbook - as at June 2010 The Handbook linked below is coloured in red to identify the areas of change since December 2009. Handbook - with changes identified - as at June 2010

​ The Terrorism & Crime (Bailiwick of Guernsey) (Amendment) Regulations, 2010

​The Disclosure (Bailiwick of Guernsey) (Amendment) Regulations, 2010

The final version of the Outsourcing Risk Guidance notes for banks is available here:- ​ Outsourcing-Risk-Guidance-Note-for-Banks.pdf

DRAFT-Outsourcing-Risk-Guidance-Note-for-Banks.pdf

Business from Sensitive Sources & Instructions

​On 22 October 2009 the Guernsey Financial Services Commission decided to make the following public statement in respect of Ms Pippa Marie Harbour: 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 Banking Supervision...