News

Skilled Persons Event

21st March 2024
The Commission is hosting an event for current and prospective Skilled Persons from 9am to 10am on Friday 12 April at the Commission's offices at Glategny Court, Glategny Esplanade. A Skilled Person explanatory note can be found here . The event will be an opportunity for Skilled Persons to learn about the Commission’s Skilled Person process, including discussing the Commission’s expectations and...

Updates to the AML/CFT/CPF Handbook

13th March 2024
The Commission has today issued an amendment to the country list in Appendix I of the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) reflecting the Financial Action Task Force’s updated list of jurisdictions under increased monitoring, which added Namibia, therefore Namibia has been added to Appendix I. The clean and tracked version of the Handbook (including Appendix I) can...

Sanctions Notice - North Korea

12th March 2024
Please be advised that amendments have been made to the details of the following entity - MINISTRY OF NATIONAL DEFENCE (Group ID: 13575) which is designated under the Democratic People’s Republic of Korea (Sanctions) (EU Exit) Regulations 2019 (the UK regulations). The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)...

Sanctions Notice - Change to Sanctions Legislation

8th March 2024
Please be advised that amendments have been made to the Terrorist Asset-Freezing (Bailiwick of Guernsey) Law 2011 (the Terrorist Asset Freezing Law) and the Sanctions (Bailiwick of Guernsey) Law, 2018 (the Sanctions Law). The amendments are made by the following regulations– The Terrorist Asset-Freezing (Bailiwick of Guernsey) Law 2011 (Amendment) Regulations 2024 The Sanctions (Bailiwick of...

Updates to the AML/CFT/CPF Handbook

7th March 2024
The Commission has today issued amendments to the country list in Appendix I of the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) reflecting the Financial Action Task Force’s updated list of jurisdictions under increased monitoring, which removed Gibraltar and the United Arab Emirates, therefore these countries have been removed from Appendix I. Some of the other sources...

Ms Ginette Louise Blondel

6th March 2024
The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (“the Enforcement Powers Law”) The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2020 (“the Fiduciaries Law”) [1] The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (“the Regulations”)...

Ms Ginette Louise Blondel (Date of Birth 2 July 1984) of Fontenelle, Les Baissieres, St Peter Port, Guernsey, GY1 2UE

6th March 2024
Date of prohibition order pursuant to section 33 of The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 and prohibited functions: From 1 March 2024 until 1 April 2033: controller, director, partner, manager, money laundering reporting officer and money laundering compliance officer under each of the regulatory laws.

Fourth Quarter 2023 Investment Statistics

5th March 2024
Fourth Quarter 2023 Guernsey Funds The total net asset value of Guernsey funds at the end of the quarter was £289.9 billion, an increase over the quarter of £1.1 billion (+0.4%). Over the past year, total net asset values have decreased by £1.7 billon (-0.6%). Closed-ended Schemes Within these totals, Guernsey closed-ended funds increased over the quarter by £0.7 billion (+0.3%) to £240.1 billion...

Fides Corporate Services Limited, Mr David Charles Housley Whitworth, Mr Paul Conway and Mr Stuart Turner

5th March 2024
The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (the “Enforcement Powers Law”) The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2020 (the “Fiduciaries Law”) [1] The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (the “Regulations”)...