News

On 15 January 2016 the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) issued its report on the Fourth Assessment on the Bailiwick of Guernsey's Anti-Money Laundering and Combating the Financing of Terrorism controls. The report shows that Guernsey has made major progress against the evolving international...

Please be advised that there have been a number of developments in relation to the Bailiwick's sanctions regime which are set out below. These developments concern two separate sanctions notices relating to ISIL and the Al-Qaida Network. ISIL (Da'esh) and Al-Qaida Network The United Nations Security Council has deleted one individual from the list of persons associated with ISIL (Da’esh) and Al...

A Thematic Report on Fiduciary Decision Making in Respect of Assets Under Trust is now available on the Thematics section of the Commission's website.

Investment Designated Manager Statistical Quarterly Return 141a and 141b / Form NST Further to the Commission's news release of 30 December 2015, Returns 141a and 141b will not be released for use for the quarter ending 31 December 2015. Instead for the quarter ending 31 December 2015 the existing Form NST should be completed and submitted. The deadline for submission still stands as stated in our...

Please be advised that there have been a number of developments in relation to the Bailiwick's sanctions regime which are set out below. These developments concern sanctions relating to ISIL and the Al-Qaida Network, and the Central African Republic. ISIL (DA’ESH) AND AL-QAIDA NETWORK Please be advised that the United Nations Security Council has amended the details in respect of one individual (...

Please be advised that HM Treasury has issued a guidance note on operating within the UK’s counter-terrorism legal framework, which includes sanctions measures. Although the guidance note is aimed at Non-Governmental Organisations (NGOs) it is relevant to other sectors. Like other guidance on sanctions and related measures previously issued by HM Treasury, the guidance note is neither applicable...

​ The Guernsey Financial Services Commission is looking to release the Investment Designated Manager Statistical Quarterly Return, Forms 141a and 141b by 11 January 2016. The deadline for submitting these forms has been extended to 19 February 2016. The links for these forms will be located within the Online Submissions Portal which is located under the Online Services tab above. Please do not use...

Under Council Implementing Regulation (EU) 2015/2425, the EU has updated the list of persons, groups and entities subject to the measures under Council Regulation (EC) 101/2001 ("the EU Regulation"). The updated list is available here: Council Implementing Regulation (EU) 2015/2425 Persons who are listed for the purposes of the EU Regulation are also automatically Designated Persons for the...

Council Regulation (EU) No 36/2012, as implemented in the Bailiwick by the Syria (Restrictive Measures) (Guernsey) Ordinance, 2012; the Syria (Restrictive Measures) (Alderney) Ordinance, 2012; and the Syria (Restrictive Measures) (Sark) Ordinance, 2012, has been amended by Council Implementing Regulation (EU) No 2015/2350. The Implementing Regulation is available here: http://eur-lex.europa.eu...