Financial Crime

​ Business from Sensitive Sources Notice 4

​ The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Regulations, 2002 came into force on 14 August, 2002. These are a consolidation of earlier regulations but also contain additional references to terrorism following the enactment of the Terrorism and Crime (Bailiwick of Guernsey) Law, 2002 and other anti-terrorism legislation. As such, the Guernsey Financial Services Commission's...

​ Further to the Commission's notice of 28 February, you should be aware that on 18 March the Zimbabwe (Export of Goods & Freezing of Funds) (Guernsey) Ordinance, 2002, came into force. The effect of the Ordinance is to impose restrictive measures, in particular the freezing of funds, financial assets and economic resources, belonging to those members of the Government of Zimbabwe and natural or...

​ The Bank of England issued a news release on 21 February 2002 regarding EC Regulation 310/2002 which relates to financial sanctions in respect of various members of the Government of Zimbabwe and persons associated with them. The news release is available via the below link: http://webarchive.nationalarchives.gov.uk/20130129110402/http://www.hm-treasury.gov.uk/d/boe_zim_210202.pdf Those named in...

The Offshore Group of Banking Supervisors Mutual Evaluation Report of the Anti-Money Laundering System in Guernsey

​Elsewhere in this book the Commission's objective has been described as being to provide effective, professional supervision and modern regulation of the finance sector to the highest international standards within a diverse and innovative environment. The last two years have tested the Commission's ability to meet that objective. The future will be equally challenging. For example, the United...

Peter Crook's speech to The Cambridge International Symposium on Economic Crime - 15 September, 1999 "I have been asked to speak today about bank secrecy and confidentiality from the offshore perspective. Let me say at the outset that it is clear to me that any finance centre which wishes to enjoy long-term success will need to be able to exchange information and co-operate with other...