Financial Crime

The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (the “Enforcement Powers Law”) The Insurance Business (Bailiwick of Guernsey) Law, 2002 The Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law 2002 The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (the “Regulations”)...

The Commission has today updated the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) to add Kuwait and amend Papua New Guinea’s entry on the Appendix I list of higher risk jurisdictions. This is following the Financial Action Task Force’s (“FATF”) decision to include them in its list of jurisdictions under increased monitoring. The Commission wishes to remind all licensees...

Further to the notice issued on 8 January 2026, the Commission wishes to remind licensed and registered firms that as of 9am GMT on Wednesday 28 January 2026, the OFSI Consolidated List of Asset Freeze Targets and its search tool are now closed. It will remain available for reference but will no longer be updated. The UK Sanctions List is now the only source for all UK sanctions designations. No...

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...