Financial Crime

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...

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...