General

NOTICE Bahrain, Egypt, Libya, Tunisia, Yemen Prescribed businesses should be alert to the potential for the increased movement of assets related to events in Bahrain, Egypt, Libya, Tunisia and Yemen and, potentially, other jurisdictions subject to significant unrest. When assessing risks related to particular business relationships and occasional transactions, prescribed businesses should consider...

​ The States of Guernsey has adopted restrictive measures against certain persons and entities in view of the situation in Libya. A link to the States of Guernsey press release can be found at here .

The States of Guernsey has adopted sanctions measures against certain persons and entities in view of the situation in Tunisia. A link to the States of Guernsey press release can be found at here .

The States of Guernsey has renewed the sanctions measures against Al-Qa’ida and Taliban and associated individuals and entities. A link to the States of Guernsey press release can be found here .

​The Commission and the States of Guernsey Commerce and Employment Department have jointly issued the following statement. Solvency II Position Statement 1. The authorities in Guernsey have no plans to seek equivalence under Solvency II. 2. Guernsey remains committed to meeting internationally accepted regulatory standards as set by the IAIS and endorsed by the G20. In 2011 the IAIS standards will...

​ The IMF has today published six reports arising from its evaluations in March and May 2010 of the Bailiwick’s financial supervision and criminal justice frameworks. The reports commend Guernsey as having financial sector regulation and supervision of a high standard across all sectors, and a legal framework which provides a sound basis for an effective AML/CFT regime, with preventive measures...

On 6 December the Commission issued: Instruction (Number 11) for Financial Services Businesses and Instruction (Number 9) for Prescribed Businesses. For repealed Instructions and Business from Sensitive Sources Notices, see the Business from Sensitive Sources & Instructions page of this website.

​The States of Guernsey has adopted new sanction measures against Iran. The new sanctions introduce additional categories or persons as being subject to asset freezing provisions. Financial services businesses and prescribed businesses will need to familiarise themselves with the new sanctions and check their records to ensure compliance. Further information on the sanctions and any notifications...

​The Commission have now announced the opening hours for this Christmas period, they are as follows: 24th of December closed from 12:30pm 29th and 30th of December business as usual 31st of December closed from 12:30pm 4th of January business as usual