Handbook for Financial Services Businesses Handbook for Prescribed Businesses
Banking
The Commission has written to the managing directors of all Financial Services Businesses today, seeking comments on the proposed changes to Schedule 1 to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 ("the 1999 Law"), proposed changes to Schedule 1 to the Registration of Non-Regulated Financial Services Businesses (Bailiwick of Guernsey) Law, 2008 ("the 2008 Law")...
Consultation on changes to AML/CFT legislation
Instructions for financial services businesses and prescribed businesses
Instructions for financial services businesses and prescribed businesses
The Policy Council have signed the Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) (Amendment) Regulations, 2009. The main change to the 2007 regulations created by the amendment regulations is a requirement that senior management sign off is needed for all new high risk relationships and not only for new PEP relationships. The amendment regulations...
The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) (Amendment) Regulations, 2009 and the Associated Handbook
Business from Sensitive Sources Notice 9 for financial services businesses and Notice 4 for prescribed businesses
Business from Sensitive Sources Notice 9 for financial services businesses and Notice 4 for prescribed businesses
Business from Sensitive Sources Notice 8 for financial services businesses and Notice 3 for prescribed businesses
Business from Sensitive Sources Notice 8 for financial services businesses and Notice 3 for prescribed businesses
Total deposits held with Guernsey banks at the end of December 2008 increased in sterling terms by £20.7 billion* from the end of September 2008 level of £136.3 billion to reach a new highest figure of £157.0 billion*, representing a 15.2%* increase over the quarter and 31.8%* over the year. Total assets and liabilities increased by £26.9 billion* over the quarter representing a 17.7%* increase...
Fourth Quarter 2008 Banking Sector Activity
Business from Sensitive Sources Notice 7 for financial services businesses and Notice 2 for prescribed businesses
Business from Sensitive Sources Notice 7 for financial services businesses and Notice 2 for prescribed businesses
The Guernsey Financial Services Commission (the Commission) is today publishing on its website a report prepared by a team from Promontory Financial Group (UK) Limited (PFG), led by Michael Foot CBE, into the circumstances leading to the rescue of Northern Rock (Guernsey) Limited and the placing of Landsbanki Guernsey Limited (LGL) into Administration. A copy of the report is available here. The...