News

Guernsey adopts new Terrorist Asset-Freezing Law. A link to the States of Guernsey media release can be found at www.gov.gg.

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 UN, EU and Other Sanctions. A copy of the Handbook for Financial Services...

​ The Commission has added the following documents / information to its website: an explanatory note regarding any proposed changes to Information Particulars for Authorised and Registered Collective Investment Schemes (which may be found here ); a note of the Commission’s expectations relating to any proposed changes of Designated Persons for Authorised and Registered Collective Investment...

The Commission has written to financial services businesses in connection with Eurozone risk management. The Commission has noted that continuing action by governments in the Eurozone might not achieve the desired effect of improving financial stability. One or more Eurozone members may exit from Euro currency union, and reversion to local currencies is possible. Accordingly, the Commission has...

​ Quarterly reminder regarding the Financial Services Commission (Administrative Financial Penalties) (Bailiwick of Guernsey) Regulations, 2010 (“the Regulations”) Please note the requirements as set out under the Regulations, a copy of which can be found here. If the relevant entity is late in submitting annual returns by the mandated deadline* they will be subject to the penalties as set out...

​On 28 of November the Commission issued: Instruction (Number 15) for Financial Services Businesses and Instruction (Number 13) for Prescribed Businesses For repealed Instructions and Business from Sensitive Sources, see the Instructions page on this website.

​On 22nd of November the Commission issued the following instructions in relation to Iran: Instruction (Number 14) for Financial Services Businesses and Instruction (Number 12) for Prescribed Businesses

​ New Personal Questionnaire, Personal Declaration and Guidance Notes for 2012 are now available for review under Documents and Forms Link. This will be in effect from 3 January 2012.

​The States Legislation Select Committee has made the Belarus (Freezing of Funds) (Guernsey) (Amendment) (No.2) Ordinance, 2011 and the Syria (Restrictive Measures) (Guernsey) (Amendment) (No.2) Ordinance, 2011. Copies of both Ordinances can be find below. The Belarus (Freezing of Funds) (Guernsey) (Amendment) (No.2) Ordinance, 2011 The Syria (Restrictive Measures) (Guernsey) (Amendment) (No.2)...