News

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...

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...

Please be advised that the following ships have been specified under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations): C VIKING RUS2503 IMO 9261657 SOFIA K RUS2504 IMO 9299123 SOUL RUS2505 IMO 9263203 SPRIT RUS2506 IMO 9248796 TAI SHAN RUS2507 IMO 9405057 TENDUA RUS2508 IMO 9299862 THANE RUS2509 IMO 9237228 THEMIS RUS2510 IMO 9264570 THYA RUS2511 IMO 9283289 TIBURON RUS2512...

Please be advised that the following individuals/entities: Ahmed KERIMOV 16858 RUS2529 Talat SAFAROV 16860 RUS2531 Anar MADATLI 16861 RUS2532 Etibar EYYUB 16865 RUS2539 Tahir GARAYEV 16867 RUS2543 SOGLASIE INSURANCE COMPANY LIMITED 16859 RUS2530 ROMARINE AS 16862 RUS2534 BX ENERGY 16864 RUS2537 NORD AXIS LTD 16866 RUS2541 have been designated under the Russia (Sanctions) (EU Exit) Regulations 2019...

The Guernsey Financial Services Commission’s address has changed. From today (Tuesday 6 May 2025), all visitors should come to the Commission’s reception on the ground floor of Regency Court on Glategny Esplanade in St Peter Port. The Commission's postal address has also changed. All post should now be sent to: Guernsey Financial Services Commission, Regency Court, Glategny Esplanade, St Peter...

As part of our engagement with industry and the associations that represent them, the Commission learned of an anomaly in the way in which the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) treats pooled accounts operated by subsidiary companies of investment and fiduciary licensees. In response to industry feedback, the Commission has today made minor amendments to the...

Please be advised that details in respect of Albert Kashafovich SHIGABUTDINOV (Group ID: 15609) who is currently subject to an asset freeze and trust services sanctions, have been amended. The individual referred to above appears on the UK’s consolidated list, which can be found here . The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes)...

Please be advised that the details of the following individuals and entities who have been designated under the Syria (Sanctions) (EU Exit) Regulations 2019 (the UK regulations), have been amended to reflect the amended Syria regulations and are still subject to an asset freeze: Al-Fatah Abd Qudsiyah (Unique ID: SYR0001 ) Khamis Abdelhamid Abdullah (Unique ID: SYR0002 ) Abdul-Salam Al Nayef...

Following five months of industry testing, the Guernsey Financial Services Commission is delighted to announce the Beta release of its new online Applications and Authorisations Portal. The new portal, also known as the A&A Portal, will streamline the applications and authorisations process through a secure, online platform, making it significantly easier for people to start financial services...