Financial Crime

The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 ("the Enforcement Powers Law") The Regulation of Fiduciaries, Administration Business and Company Directors, etc. (Bailiwick of Guernsey) Law, 2020 ("the Fiduciaries Law") The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 ("the Proceeds of Crime Law") The Criminal Justice (Proceeds of...

The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 ("the Enforcement Powers Law") The Regulation of Fiduciaries, Administration Business and Company Directors, etc. (Bailiwick of Guernsey) Law, 2020 ("the Fiduciaries Law") The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 ("the Proceeds of Crime Law") The Criminal Justice (Proceeds of...

On 4 June 2026, the Guernsey Financial Services Commission (“the Commission”) decided: To impose a financial penalty of £125,000 under section 39 of the Enforcement Powers Law on Mr Domaille. To impose a financial penalty of £40,000 under section 39 of the Enforcement Powers Law on Mr Clarke. To impose a financial penalty of £22,500 under section 39 of the Enforcement Powers Law on Mrs Hannis. To...

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 2020 Fiduciaries Law”) The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (“the Regulations”)...

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 2020 Fiduciaries Law”) The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (“the Regulations”)...

Further to last Tuesday’s publication of the updated Handbook on Countering Financial Crime, we identified that not all the updated sections of the Handbook were loaded. Tuesday's upload omitted revised chapters 7, 9, 10, 16 and Appendix F which have now been included. The revised Handbook may be accessed through this link. The link in the press release issued on Tuesday 5 May 2026 has also been...

The Commission has today published a feedback paper and updated sections of the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”), setting out how it has responded to consultation feedback on proposed changes to further support the use of technology to combat financial crime. The changes are part of the Commission’s Digital Finance Initiative, following from its consultation on...

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...