News

The Commission wishes to remind all financial services businesses and prescribed businesses that the 2025 Financial Crime Risk Return (“FCRR”) is due for submission by 31 October 2025. Please note that the FCRR is subject to late and inaccurate filing penalties. Firms which are required to complete the FCRR will find it available via the Commission’s Online Submissions Portal . Should you see a...

Please be advised that the following have been added to the list of persons/entities who are currently designated under the Global Human Rights Sanctions Regulations 2020 (the UK regulations) and who are subject to an asset freeze. Golden Fortune Resorts World Company Limited (UNIQUE ID: GHR0168 ) Jin Bei Group Company Limited (UNIQUE ID: G HR0169 ) Cambodian Heng Xin Real Estate Company Limited...

With effect from January 2026, Dr Jeremy Quick will move from being Director of Banking and Insurance to being the part-time Director of Resolution following the passage of the Bank Resolution (Bailiwick of Guernsey) Law, 2025 through the States of Guernsey in the Spring. Jeremy will work to ensure a proper and economical implementation of the legislation over the next three years, ensuring that...

The Guernsey Financial Services Commission has launched the Innovation Sandbox + Concierge, a new initiative designed to support innovation in finance. This launch forms part of the Commission’s broader Digital Finance Initiative , announced in September 2025, which seeks to position the Bailiwick of Guernsey as a trusted, agile, and forward-thinking jurisdiction for digital financial innovation...

The Commission will host its next Digital Forum roundtable on Wednesday 22 October at 2pm, focusing on Digital Asset Custody. The event will take place at the Commission’s Regency Court offices and is open to representatives of the Bailiwick’s financial services sector and other stakeholders with expertise or interest in this topic. This session follows previous roundtables on asset tokenisation...

Please be advised that amendments have been made to the details of the following individuals who are designated under the ISIL (Da'esh) and Al-Qaida (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) – Name UN Reference Number OFSI ID Unique ID Abd El Kader Mahmoud Mohamed EL SAYED QDi.065 7128 AQD0094 Al-Azhar Ben Khalifa Ben Ahmed ROUINE QDi.150 7875 AQD0129 Gulmurod KHALIMOV QDi.372...

Please be advised that the details of the following entities who are designated under the Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019 (the UK regulations) have been amended : POST BANK OF IRAN (Group ID: 11215) SINA BANK (Group ID: 11186) The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)...

The Commission has become aware of a possible phishing attempt being sent purporting to be from the Commission Secretary, Alice Joy, using the domain “mail-guernseyfsc.com" If you have received such an email from the Commission, please do not reply or click on any links or attachments and instead forward it to [email protected]. The Commission sends its emails from the domain ending “ gfsc.gg.”...

During the month of September c.450 industry representatives collectively attended the 6 presentations run by the Commission, which shows a strong and continuing interest in the Bailiwick of Guernsey’s MONEYVAL evaluation and its findings. The slides from these presentations are now available here .