Handbook on Countering Financial Crime and Terrorist Financing
13th June 2019The Commission has today, issued in final form, the revised Handbook on Countering Financial Crime and Terrorist Financing.
This follows the approval of the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) (Amendment) Regulations, 2019 by the States of Guernsey on 12 June 2019. These amendments introduce an activation date of 31 March 2019 for the application of measures relating to domestic politically exposed persons (“domestic PEPs”) and change the legal definitions of Money Laundering Compliance Officer (“MLCO”) and Money Laundering Reporting Officer (“MLRO”). Outside of these changes, the Commission has also made a very small number of changes to rules and guidance on collective investment schemes traded on a recognised stock exchange and to guidance on employer funded benefit and pension schemes.
The revised Handbook, including the rules and guidance contained therein, comes into effect on 13 June 2019.
A clean version of the Handbook, together with a tracked version reflecting the changes made from the published Handbook on 12 March 2019, can be accessed via: