Financial Crime

​ On 21 June the Commission informed all financial services businesses and prescribed businesses that the Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) (Amendment) (No.2) Regulations, 2010 and the Criminal Justice (Proceeds of Crime) (Legal Professionals, Accountants and Estate Agents) (Bailiwick of Guernsey) (Amendment) (No.2) Regulations, 2010 had...

Financial services businesses are advised that, as identified in Instruction Number 10 issued on 5 July, Greece continues to be included on the list of jurisdictions which the Financial Action Task Force considers to have strategic AML/CFT deficiencies. The Commission has therefore decided to remove Greece from Appendix C to the Handbook for Financial Services Businesses on Countering Financial...

Prescribed businesses are advised that the Commission has made two changes to the Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime and Terrorist Financing (“the Handbook”). The changes are: the inclusion of a new section in chapter 4 of the AML/CFT handbook in respect of existing clients (i.e. clients taken on prior to the coming into force of the AML...

Prior to November 2009 the Commission issued Business from Sensitive Sources Notices, which required enhanced customer due diligence measures to be undertaken by financial services businesses and prescribed businesses in Guernsey when taking on business or transactions from specified countries or territories. In November 2009 the Commission issued a further series of requirements. As these...

Handbook - as at June 2010 The Handbook linked below is coloured in red to identify the areas of change since December 2009. Handbook - with changes identified - as at June 2010

​ Handbook - as at June 2010 The Handbook linked below is coloured in red to identify the areas of change since December 2009. Handbook - with changes identified - as at June 2010

​ The Terrorism & Crime (Bailiwick of Guernsey) (Amendment) Regulations, 2010

​The Disclosure (Bailiwick of Guernsey) (Amendment) Regulations, 2010

Business from Sensitive Sources & Instructions