Financial Crime

The Commission has today issued its report on the thematic review on the effectiveness of investment firms’ monitoring of, and compliance with, the intermediary and correspondent relationship requirements of the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) which we invite all firms who have these relationships to consider. We undertook 30 onsite visits as part of this...

The Commission has today updated the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) to remove South Africa from the Appendix I list of higher risk jurisdictions. This is following the Financial Action Task Force’s (“FATF”) decision to remove it from its list of jurisdictions under increased monitoring. FATF has also removed Burkina Faso, Mozambique, and Nigeria from its list...

The Commission wishes to remind all financial services businesses and prescribed businesses that the 2025 Financial Crime Risk Return (“FCRR”) is due for submission by 31 October 2025. Please note that the FCRR is subject to late and inaccurate filing penalties. Firms which are required to complete the FCRR will find it available via the Commission’s Online Submissions Portal . Should you see a...

During the month of September c.450 industry representatives collectively attended the 6 presentations run by the Commission, which shows a strong and continuing interest in the Bailiwick of Guernsey’s MONEYVAL evaluation and its findings. The slides from these presentations are now available here .

The Commission has today updated the Handbook on Countering Financial Crime and Terrorist Financing (the “Handbook”) to include Malta in the Appendix C list of equivalent jurisdictions. Appendix C to the Handbook lists those countries or territories which the Commission considers require businesses to have in place measures consistent with the FATF Recommendations and where such businesses are...

Due to high demand, both our Investment and Fiduciary sector-specific events have now sold out. To ensure all interested parties have the opportunity to engage with the findings from the Bailiwick of Guernsey’s MONEYVAL evaluation, the Commission is pleased to announce an additional, non-sector specific event taking place in late September. All sessions are being held at the Commission’s offices...

In late September, the Commission will be hosting a series of sector specific presentations regarding the findings from the Bailiwick of Guernsey’s MONEYVAL evaluation and what it means for firms. All sessions are being held at the Commission’s offices at Regency Court, Glategny Esplanade, St Peter Port. The sessions are not being recorded and are not available for viewing online, however the...

The Commission has today issued an amendment to the country list in Appendix I of the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) reflecting the Financial Action Task Force (“FATF”)’s updated list of jurisdictions under increased monitoring, which added Bolivia and the British Virgin Islands. The British Virgin Islands have been added to Appendix I whereas Bolivia was...

Following a consultation we ran earlier this year, the Commission has today published amendments to the Financial Crime Returns Rules (“the FC Returns Rules”) which makes mandatory the filing of periodic returns for accountants, lawyers and estate agents (prescribed businesses), ending the disparity with other sectors where such filings are mandatory. The amendments also introduce the requirement...