Appendix C of the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing has been revised to add Bulgaria, Estonia, Latvia, Lithuania and Liechtenstein as jurisdictions whose authorised financial services businesses may be treated as if they were local. A version of the revised Handbook, which includes coloured text to show the changes, has been placed on...
The Commission has made a number of changes to the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing and to the Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime and Terrorist Financing. The principal changes are to the chapters on Reporting Suspicion and UN, EU and Other Sanctions. A copy of the Handbook...
Changes to the AML/CFT Handbooks
The EU has issued Council Regulation (EU) No. 588/2011, which added further individuals and entities to Annex 1A to Council Regulation (EC) No. 765/2006 and amended the 2006 regulation to impose an arms embargo. The changes take effect in Guernsey under the Belarus (Freezing of Funds) (Guernsey) (Amendment) Ordinance, 2011 and the Belarus (Freezing of Funds) (Guernsey) Ordinance, 2006. Financial...
Guernsey adopts revised restricted measures against Belarus
With effect from 1 June 2011 calls to and from the Commission will be recorded.
Important Announcement - Telephone Calls
FUNDS UNDER MANAGEMENT CONTINUE TO GROW STATISTICS FOR NON-FUND INVESTMENT SECTOR RELEASED Investment Funds The net asset value of total funds under management and administration grew by £6.2 billion (2.4%) over the quarter ended 31 March 2011 to £263.6 billion. For the year since 31 March 2010, total net asset values increased by £66.2 billion (33.6%). Within these totals, Guernsey domiciled...
First Quarter 2011 Investment Statistics
The States of Guernsey has adopted restrictive measures against certain persons, entities and bodies in view of the situation in Syria. A link to the States of Guernsey press release can be found at here.
Guernsey adopts restrictive measures against Syria
FIVE new Deputy Directors have been appointed at the Guernsey Financial Services Commission. They will fill four vacant positions besides one newly created. All the successful candidates have been recruited from inside the Commission. The new post is a second Deputy Director of the Investment Business Division, in order to strengthen the department. The appointments are: Emma Bailey and Louise...
Five new Deputy Directors appointed at GFSC
The Commission has placed a revised draft of the Finance Sector Code of Corporate Governance on the consultation page of its website . Any comments on the Code should be provided in writing to the Policy and International Affairs team at the Commission by close of business on 1 June. Code of Corporate Governance - Consultation Paper for GFSC
Consultation on Code of Corporate Governance
The EU has revised its sanctions list in relation to Belarus to include President Lukashenko and certain officials of Belarus. Accordingly, Council Implementing Regulation (EU) No 271/2011 has amended Annexes 1 and 1A to Council Regulation (EC) No 765/2006. Council regulation (EC) No 765/2006 is implemented in Guernsey by the Belarus (Freezing of Funds) (Guernsey) Ordinance, 2006 which is made...