Financial Crime

​The Commission is today issuing Instruction Number M 01/2014 for Financial Services Businesses and Instruction Number M 01/2014 for Prescribed Businesses, copies of which can be accessed from the FC&A section of the Commission's website: Instruction M 01/2014 for Financial Services Businesses and Instruction M 01/2014 for Prescribed Businesses 3 June 2014

Instruction – Fiduciary Licensees - Anti-Money Laundering - Compliance Arrangements As licensees are aware, global standards and expectations in relation to the detection, forestalling and preventing of money laundering and terrorist financing (“ML/TF risks”) have evolved over the years to reflect the ways in which these risks can occur and the measures required to mitigate them. It is important...

Please click here to view letter from the Financial Crime & Authorisation Division to Chief Executive Officers of Financial Services Businesses.

​ The Commission and the Financial Intelligence Service will be holding a co-sponsored seminar entitled “Suspicious Activity Reporting (SAR): Trends, Tips, Analysis and Engagement” on Thursday 8 May 2014. The purpose of the seminar is to provide industry, particularly Money Laundering Reporting Officers, with information in relation to SARs. The following areas will be addressed as part of this...

The States of Guernsey has today adopted sanction measures against the Central African Republic ("CAR"). All financial institutions and other bodies are requested to check their records to ensure they comply. In view of the deteriorating security situation in the Central African Republic ("CAR"), on 10 March 2014 the European Council adopted Council Regulation 224/2014 which gave effect to the...

​The States of Guernsey has today adopted further sanction measures against certain persons, entities and bodies in view of the actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. All financial institutions and other bodies are requested to check their records to ensure they comply. It was agreed by the European Council to introduce travel bans...

The States of Guernsey has today adopted further sanction measures against certain persons, entities and bodies in view of the situation in Ukraine. All financial institutions and other bodies are requested to check their records to ensure they comply. All financial institutions and other bodies and persons in Guernsey will need to ensure they do not maintain any accounts or otherwise hold any...

The Commission is today issuing Instruction (Number 21) for Financial Services Businesses, a copy of which can be accessed on the AML/CFT section of the Commission’s website. Business from Sensitive Sources Notices Instruction (Number 20) for Financial Services Businesses is now repealed and replaced by Instruction (Number 21) for Financial Services Businesses. 26 February 2014

​The Commission is today issuing Instruction (Number 19) for Prescribed Businesses, a copy of which can be accessed on the AML/CFT section of the Commission’s website. Business from Sensitive Sources Notices Instruction (Number 18) for Prescribed Businesses is now repealed and replaced by Instruction (Number 19) for Prescribed Businesses. 26 February 2014