Articles from 2025

The Commission will host its next Digital Forum roundtable on Monday 1 December as part of its Digital Finance Initiative. The session called ‘Artificial Intelligence in Finance: Innovation, Oversight and Opportunity’ will be held at the Commission’s Regency Court offices. We are keen to signal our openness to firms using technology to meet regulatory expectations and welcome dialogue with firms...

We note this judgment from the Royal Court which upholds and puts into the public domain a number of serious concerns we have about Mr Pybus which we have been wishing to place into the public domain for some time. We note that the Royal Court upholds many of the Senior Decision Maker's findings whilst asking us to appoint a new Senior Decision Maker to consider the matters of probity and...

Please be advised that the following individuals, previously designated under the ISIL (Da'esh) and Al-Qaida (Sanctions) (EU Exit) Regulations 2019 (the UK regulations), have been removed from the UK sanctions list : Name OFSI ID Unique ID UN Reference Number Ahmad Hussain AL-SHARAA 12883 AQD0115 QDi.317 Anas Hasan KHATTAB 13133 AQD0139 QDi.336 The UK sanctions list has been updated and can be...

Please be advised that the following individuals/entities have been designated under the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019 (the UK regulations): Kieran James Gallagher (Unique ID: CTD009) New Irish Republican Army (Unique ID: CTD0010) The individuals/entities referred to above are subject to a full asset freeze and will appear on the UK sanctions list, which can be found...

Earlier this year, the Guernsey Financial Services Commission (“the Commission”) published a survey inviting members of the public to share their experiences with regard to motor finance following the implementation of the Lending, Credit and Finance Law on 1 July 2023. Respondents of the survey were given the opportunity to nominate a charity of their choice to receive a small donation from the...

In May, the Guernsey Financial Services Commission (“the Commission”) announced a new partnership in financial literacy with EDUCFI, the French National Financial Literacy Strategy operated by Banque de France, the French central bank. This collaboration aims to promote financial literacy by providing clear, unbiased and high quality educational resources to help the local community better...

Please be advised that the details of the following individual designated under the Iran (Sanctions) Regulations 2023 (the UK regulations) have been amended : Name OFSI ID Unique ID Ali Aliakbar Ansari 17215 IRN0254 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...

Please be advised that the following individual has been designated under the Iran (Sanctions) Regulations 2023 (the UK regulations) : Name OFSI ID Unique ID Aliakbar Ansari 17215 IRN0254 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 the Sanctions (Bailiwick of...

The Commission has today updated the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) to remove South Africa from the Appendix I list of higher risk jurisdictions. This is following the Financial Action Task Force’s (“FATF”) decision to remove it from its list of jurisdictions under increased monitoring. FATF has also removed Burkina Faso, Mozambique, and Nigeria from its list...