News

​The Commission wishes to draw licensees’ attention to the current military action in Iraq and the associated funding of the extremist insurgency group, Islamic State in Iraq and the Levant (“ISIS”). Reports indicate that in addition to private donations and traditional criminal activity in that region such as robbery and extortion, ISIS has been funding itself through oil trading and the...

The Financial Services Commission (Bailiwick of Guernsey) Law, 1987, as amended (“the Financial Services Commission Law”) The Regulation of Fiduciaries, Administration Businesses, Company Directors, etc (Bailiwick of Guernsey) Law, 2000, as amended (“the Fiduciaries Law”) The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (“the...

A Thematic Report on Sales Practices within the Long-term Insurance and Investment intermediary Sector of the Bailiwick of Guernsey is now available on both the Insurance and the Investment Thematics pages of the Commission's website. The report should be read by anyone who provides investment or long-term insurance advice to retail customers.

​Please be advised that Council Regulation (EC) 881/2002 imposing financial sanctions against certain persons and entities associated with the Al-Qaida network and implemented in the Bailiwick by the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013, Al-Qaida (Restrictive Measures) (Alderney ) Ordinance, 2013 and the Al-Qaida (Restrictive Measures) (Sark) Ordinance, 2013, has been amended...

Please be advised that Council Regulation (EC) 881/2002 imposing financial sanctions against certain persons and entities associated with the Al-Qaida network and implemented in the Bailiwick by the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013, Al-Qaida (Restrictive Measures) (Alderney ) Ordinance, 2013 and the Al-Qaida (Restrictive Measures) (Sark) Ordinance, 2013, has been amended...

The Commission has today announced changes to its Financial Crime Division. It was created in July of last year and Samantha Sheen was appointed as Head of the Division. The Commission’s Director General, William Mason, explained the changes. “ The Division is now regarded as a front line unit of equivalent status to the Commission’s other supervision and policy divisions. We have therefore...

The Financial Crime Supervision & Policy Division has prepared a Guidance Note (“Note”) following analysis of both the results of onsite visits undertaken by the Commission since 2012 and trends identified from financial crime assessments undertaken at local and international level. This Note is intended to further assist businesses in understanding the Commission’s expectations in relation to...

The Commission has announced the appointment of Emma Bailey as the new Director of the Investment Supervision and Policy Division. She will take up her new role in August when the current Director, Carl Rosumek, leaves the Commission. William Mason, Director General, said “I am very pleased that we have been able to appoint Emma to this very important position which follows a rigorous internal...

​The Commission is today issuing Instruction Number M 01/2014 for Financial Services Businesses and Instruction Number M 01/2014 for Prescribed Businesses, copies of which can be accessed from the FC&A section of the Commission's website: Instruction M 01/2014 for Financial Services Businesses and Instruction M 01/2014 for Prescribed Businesses 3 June 2014