News

Enforcement

Commission granted leave to appeal

13th May 2025
The Commission has been granted leave to appeal the judgment of LB Marshall KC in the case of the Guernsey Financial Services Commission and Weighbridge Trust Limited. A copy of the judgment is available on the Guernsey Legal Resources website. After careful consideration, the Commission decided to appeal the decision of LB Marshall KC as it contained novel interpretations of some aspects of the...

Ian Domaille and Margaret Hannis v Guernsey Financial Services Commission

20th December 2024
The Commission notes the Report to the Privy Council of the 18 December 2024. Further to the Report's instructions that it be "punctually observed and obeyed", the Commission now intends to proceed to appoint a Senior Decision Maker further to the judgment of the Guernsey Court of Appeal of 18 January 2024 to redetermine the sanctions to be applied in this matter as per paragraph 194 of that...

Judgment in the Court of Appeal

6th December 2024
The Commission notes that the Court of Appeal handed down a judgment relating to an application for privacy on 4 December 2024. The judgment can be found on the Guernsey Legal Resources website. The Commission will consider making a further statement, if and when appropriate, and in the context of the ongoing appeal process.

Nicholas Walton Hofgren and the Guernsey Financial Services Commission

21st November 2024
Following publication by the Royal Court, on 21 November 2024, we are making available the judgment of Lieutenant-Bailiff Hazel Marshall KC in the case of Nicholas Walton Hofgren and the Guernsey Financial Services Commission. The Commission welcomes the judgment which dismisses Mr Hofgren’s grounds of appeal. We intend to issue a public statement on this matter in due course.

Zedra Trust Company (Guernsey) Limited and Mr Colin Andrew Borman

14th October 2024
The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (the “Enforcement Powers Law”) The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2020 (the “Fiduciaries Law”) [1] The Beneficial Ownership of Legal Persons (Guernsey) Law, 2017 (the “Beneficial Ownership Law”) Schedule 3 to Criminal Justice (Proceeds...

Equiom (Guernsey) Limited

26th July 2024
The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (the “Enforcement Powers Law”) The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2020 (the “Fiduciaries Law”) [i] The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (the “Regulations”)...

Trident Trust Company (Guernsey) Limited and Mr Mark Wilson Le Tissier, Mr Ryan Daniel Dekker and Mrs Boonyasinee (“Kwan”) Queripel

8th July 2024
The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (the “Enforcement Powers Law”) The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2020 (the “Fiduciaries Law”) [1] The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey)) Regulations, 2007 (the “Regulations”)...

Ms Ginette Louise Blondel

6th March 2024
The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (“the Enforcement Powers Law”) The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2020 (“the Fiduciaries Law”) [1] The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (“the Regulations”)...