News

​The Guernsey Financial Services Commission has recently investigated a number of cases where Bailiwick residents have received unsolicited telephone calls from staff of investment businesses that do not have their place of business in the Bailiwick.The practice, where a person makes an unsolicited call to a potential investor seeking to sell them investments during the course of that call, is...

Alert to all Bailiwick Residents - Cold Calling The Guernsey Financial Services Commission has recently investigated a number of cases where Bailiwick residents have received unsolicited telephone calls from staff of investment businesses that do not have their place of business in the Bailiwick. The practice, where a person makes an unsolicited call to a potential investor seeking to sell them...

​Further to the Commission's notice of 28 February, you should be aware that on 18 March the Zimbabwe (Export of Goods & Freezing of Funds) (Guernsey) Ordinance, 2002, came into force. The effect of the Ordinance is to impose restrictive measures, in particular the freezing of funds, financial assets and economic resources, belonging to those members of the Government of Zimbabwe and natural or...

​"Knowing Us, Knowing You" - Banking in Guernsey

​ The Bank of England issued a news release on 21 February 2002 regarding EC Regulation 310/2002 which relates to financial sanctions in respect of various members of the Government of Zimbabwe and persons associated with them. The news release is available via the below link: http://webarchive.nationalarchives.gov.uk/20130129110402/http://www.hm-treasury.gov.uk/d/boe_zim_210202.pdf Those named in...

​Joint action by Guernsey, the Isle of Man and Jersey Strong new measures to tighten the Crown Dependencies' anti-money laundering regimes were announced today by the three financial services regulatory Commissions. The Commissions are taking action in concert and will be moving to implement the required changes to laws and guidance to reflect these measures. All three Islands have tough anti...

​Interested parties are being invited to comment on a consultation document issued by the Commission which recommends the establishment of a deposit protection scheme in Guernsey. Currently, depositors in Guernsey do not have access to such a scheme and, in the event of the failure of a licensed Guernsey bank, they are exposed to the potential loss of their deposits. The introduction of a scheme...

To the Money Laundering Reporting Officer of all Financial Services Businesses and other interested persons: Business From Sensitive Sources Notice 4 - 22 August 2002 Business from Sensitive Sources Notice 3 - 4 October 2001 Business from Sensitive Sources Notice 2 - 27 July 2000 Business from Sensitive Sources Notice 1 - 18 November 1999 These Notices can be found using this link.

Overriding Principles for a revised Know Your Customer framework - PDF document

​Further International Backing for Guernsey - Financial Stability Forum