Financial Crime

18 December 2003   The Commission is issuing this statement on introduced business, in order to provide financial services businesses with a clear statement of the standard which it will adopt in the revised Guidance Notes on the Prevention of Money Laundering and Countering the Financing of Terrorism, following the introduction on 20 June 2003 of the revised Forty Recommendations by the…

​Guernsey Secures Independent, International Commendation for Regulatory and Law Enforcement Standards Press Release   25 November 2003   Guernsey's financial regulation and law enforcement standards are commended in a report published today by the International Monetary Fund (IMF).   Guernsey has been assessed by the IMF to have 'a high level of compliance' for each of the international…

​By notice issued in La Gazette Officielle on 16 July 2003, the Guernsey Financial Services Commission advised that proposed amendments to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Regulations and the Guidance Notes on the Prevention of Money Laundering and Countering the Financing of Terrorism had been placed for consultation in the "Prevention of Economic Crime" section…

​13 June 2003 The Guernsey Financial Services Commission has marked its fifteenth anniversary by sponsoring a seminar on international cooperation and the exchange of information. The seminar was aimed at regulators, financial intelligence officers, law enforcement officials, prosecutors and representatives of other authorities with an interest in financial services regulation and the…

​20 February 2003 Attention is drawn to these Regulations which came into effect on 8 January 2003. Schedule 1 to the Terrorism and Crime (Bailiwick of Guernsey) Law, 2002 (which contains a list of proscribed organisations) has been updated by these Regulations which add an additional 4 organisations to the list of proscribed organisations set out in Schedule 1. Financial services businesses…

INTEREUROPE BANK.COM INTEREUROPE BANK FINANCE COMPANY (GUERNSEY) LIMITED IMBGROUP BANK PLC IMBGROUP FINANCE COMPANY (GUERNSEY) LIMITED The above-named entities have recently come to the Commission's attention. It has been noted from their web sites at www.intereuropebank.com and www.imbgroup.com that it is claimed that the companies have offices in Guernsey and that they are licensed by the…

The above organisation has recently been brought to the Commission's attention. It has been noted from their web site at www.asiapacific-group.com that it claims that the company has a representative office in Guernsey. The Commission wishes to make it clear that the address given on the web site is not connected to the Asia Pacific Group or any other financial services business. Furthermore, the…

The above-named entity has been brought to the Commission's attention. It has been noted from its web site at europeanprivateinvestmentbank.com that it claims to be licensed by the Commission to conduct banking business. As with similar claims made by other organisations previously referred to by the Commission, this is false. You are therefore advised not to have any contact with this entity…

​On 18 March 2002, the Zimbabwe (Export of Goods & Freezing of Funds) (Guernsey) Ordinance, 2002, came into force. The equivalent Ordinances came into effect in Sark and Alderney on 3 April and 17 April 2002, respectively.   The effect of the Ordinances is to impose restrictive measures, in particular the freezing of funds, financial assets and economic resources, belonging to those…

​Business from Sensitive Sources Notice 4