Financial Crime

​The Fiduciary Sector Policy Forum (FSPF) and the Association of Guernsey Banks (AGB) have worked closely with the Commission to produce an introducer certificate, in order to develop a consistent approach to the provision of information in respect of the underlying principals of business introduced by fiduciaries in the Bailiwick to local banks. The FSPF and AGB have now agreed the contents of...

27 April 2005 Representatives of the finance sector in Guernsey have requested clarification of the Commission's policy on certain aspects of introduced business. Accordingly, following consultation with the Joint Money Laundering Steering Group, the Commission has today issued Statement No. 2 on introduced business to the finance sector. Enquiries should be made to: Sylvia Sirett Senior Analyst...

​Press Release - Anti-Money Laundering Standards for Existing Customers 30 June 2004 Following the issue of revised Recommendations by the Financial Action Task Force in 2003, the Commission has issued a statement on anti-money laundering standards for existing customers (available here as a PDF document). The statement requires financial services businesses to assess the risk of each business...

​The Commission has today published a statement on interviews conducted under section 21B(1) of the Financial Services Commission (Bailiwick of Guernsey) Law, 1987, as amended. The purpose of the statement is to set out the Commission's policy on the conduct of interviews under the Financial Services Commission Law to assist a foreign authority to carry out its functions. The statement on...

​ The Commission has published a revised version of Appendix C of the Guidance Notes on the Prevention of Money Laundering and Countering the Financing of Terrorism. Guernsey Financial Services Commission January 2004

18 December 2003 The Commission is issuing this statement on introduced business, in order to provide financial services businesses with a clear statement of the standard which it will adopt in the revised Guidance Notes on the Prevention of Money Laundering and Countering the Financing of Terrorism, following the introduction on 20 June 2003 of the revised Forty Recommendations by the Financial...

​Guernsey Secures Independent, International Commendation for Regulatory and Law Enforcement Standards Press Release 25 November 2003 Guernsey's financial regulation and law enforcement standards are commended in a report published today by the International Monetary Fund (IMF). Guernsey has been assessed by the IMF to have 'a high level of compliance' for each of the international standards...

​20 February 2003 Attention is drawn to these Regulations which came into effect on 8 January 2003. Schedule 1 to the Terrorism and Crime (Bailiwick of Guernsey) Law, 2002 (which contains a list of proscribed organisations) has been updated by these Regulations which add an additional 4 organisations to the list of proscribed organisations set out in Schedule 1. Financial services businesses...

INTEREUROPE BANK.COM INTEREUROPE BANK FINANCE COMPANY (GUERNSEY) LIMITED IMBGROUP BANK PLC IMBGROUP FINANCE COMPANY (GUERNSEY) LIMITED The above-named entities have recently come to the Commission's attention. It has been noted from their web sites at www.intereuropebank.com and www.imbgroup.com that it is claimed that the companies have offices in Guernsey and that they are licensed by the...