News

​Please be advised that on 23 September 2014 the United Nations Security Council added the names of 14 individuals and 2 entities to the list of persons involved with the Islamic State group and other bodies associated with Al-Qaida which is maintained under United Nations Security Council Resolution 1267. The individuals are as follows: Ahmed Abdullah Saleh al-Khazmari al-Zahrani Azzam Abdullah...

​Please be advised that some amendments by the Council of the European Union to the sanctions measures in place regarding the Territorial Integrity etc. of the Ukraine and the Russian Federation have been published today with immediate effect. These amendments, which have direct effect in the Bailiwick, are as follows; Territorial Integrity etc. of the Ukraine Council Regulation (EU) No 269/2014...

​The Commission has today announced that Mrs Gillian Browning has been appointed to replace Mr Philip Marr who is retiring as Director of the Fiduciary Supervision Policy and Innovations Division. The Commission’s Director General, William Mason, said “ I am delighted to be able to welcome Gillian to the Commission as one of our Directors. She has considerable experience in the field of financial...

​The regulatory laws provide that a licence or registration application shall contain or be accompanied by such other information or documents as the Commission may reasonably require, for the purpose of determining the application. Business Risk Assessments (“BRAs”) The Financial Action Task Force (“FATF”) 2012 Recommendations (“the Recommendations”) place even greater emphasis on the importance...

The Commission has today published an additional FAQ under the FC&A tab regarding the certification of copy documentation requirements and best practice. The FAQ can be found at the top of the Financial Crime Supervision and Policy Division's FAQ page here: [ link removed: see AML/CFT Handbook instead].

Please be advised of the following changes to sanctions listings related to the Al-Qaida network which have immediate effect in the Bailiwick. Further to the previous Sanctions Notice issued regarding United Nations listings for 6 individuals associated with extremist groups in Iraq and Syria, these individuals have now been added to the list maintained by the European Union under Council...

​The Commission is today issuing Instruction (Number 04/2014) for both financial services businesses and prescribed businesses. The instruction has been issued as a result of amendments made to the legislation surrounding the reporting of suspicion. The existing Handbooks are in the course of being reviewed and therefore to minimise the impact, and to avoid reprinting the full Handbook while the...

It has been brought to the Commission's attention that the above-named entity, with an associated website of www.ciswaps.co.uk, recently placed an advert in the Guernsey Press regarding the mis-selling of interest rate hedging products. The purpose of this notice is to advise that the company is not licensed, authorised or in any way regulated by the Commission for the conduct of any financial...

​ What are the reporting requirements under The AIFMD Rules, 2013? Guernsey Depositaries, Non-Financial Asset AIF Depositaries and Guernsey AIFMs which have opted in to comply with The AIFMD Rules, 2013 are required to submit reports to the Commission. The various reporting requirements are set out in The AIFMD Rules, 2013 in Section 17 – Depositary and Section 19 - Reporting obligations to the...