The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (“the Enforcement Powers Law”) The Protection of Investors (Bailiwick of Guernsey) Law, 1987 and the Protection of Investors (Bailiwick of Guernsey) Law, 2020 (collectively “the POI Law”) [i] Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (“the...
Articles from 2022
Date of prohibition order pursuant to section 33 of the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 and prohibited functions: From 30 December 2022 until 30 April 2026: the functions of controller, director, money laundering reporting officer and money laundering compliance officer.
Mr Hamish Jebb Hamilton Few (Date of Birth 1 July 1983) of Vue de Rocquaine, Rue de L’Aitte, Torteval, Guernsey, GY8 0PD
On Tuesday 13 December, William Mason, Director General of the Guernsey Financial Services Commission spoke as part of a Canadian-led panel on “Business investing for biodiversity and climate objectives”. The panel was part of COP15 [1] – UN Biodiversity Conference [2] in Montreal, Canada which saw governments from around the world coming together to try to agree on a new set of goals to halt and...
Guernsey Financial Services Commission at COP15 to discuss how private capital can address biodiversity challenges
Guernsey Funds The total net asset value of Guernsey funds is the same in Sterling terms as the last quarter at £302.7 billion. Over the past year, total net asset values have increased by £12.8 billon (4.4%). Open-ended Schemes Within these totals, Guernsey domiciled open-ended funds decreased over the quarter by £0.6 billion (-1.1%) to £53.6 billion. This represents an increase of £1.4 billion...
Third Quarter 2022 Investment Statistics
Please be advised that the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) have been amended by the Russia (Sanctions) (EU Exit) (Amendment) (No. 17) Regulations 2022 (the Amendment regulations). The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 that have been made under...
Sanctions Notice - Russia (further restrictions)
The Commission has today issued its report on the thematic review of the money laundering and terrorist financing business risk assessments of more than 100 licensed and registered firms across all sectors. The thematic was undertaken to assess how well firms identified and assessed these risks to their businesses. The results were positive, demonstrating that most Business Risk Assessments met...
Thematic Review of ML and TF Business Risk Assessments
Please be advised that 15 individuals and 1 entity have been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations). Details of the individuals and entities are available here- Notice_Russia_131222.pdf (publishing.service.gov.uk) The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)...
Sanctions Notice - Russia
The Guernsey Financial Services Commission is mourning the death of our Vice Chairman, Baroness Couttie. The thoughts and prayers of the Commission are with her husband and children to whom we extend our sincere condolences. Baroness Couttie was a dedicated public servant with a distinguished career in business and politics who made an important contribution to the work of the Commission and she...
Philippa Roe, Baroness Couttie
Please be advised that 10 individuals have been designated under the Iran (Sanctions) (Human Rights) (EU Exit) Regulations 2019 (the UK regulations). The names of these individuals are available here - Notice_Iran__Human_Rights__091222.pdf (publishing.service.gov.uk) The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)...