Insurance

Peter Neville, Director General of the Guernsey Financial Services Commission, today made the following statement: "The Commission is presently reviewing the report compiled by Lord Penrose which we obtained today. We have also noted the contents of the letter sent by Callum McCarthy, Chairman of the Financial Services Authority, to Ruth Kelly the Financial Secretary to the Treasury. The...

​ 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...

​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...

The above organisation has recently been brought to the Commission's attention. It has been noted from their web site at www.asiapacific-group.com that it claims that the company has a representative office in Guernsey. The Commission wishes to make it clear that the address given on the web site is not connected to the Asia Pacific Group or any other financial services business. Furthermore, the...

The above-named entity has been brought to the Commission's attention. It has been noted from its web site at europeanprivateinvestmentbank.com that it claims to be licensed by the Commission to conduct banking business. As with similar claims made by other organisations previously referred to by the Commission, this is false. You are therefore advised not to have any contact with this entity...

​On 18 March 2002, the Zimbabwe (Export of Goods & Freezing of Funds) (Guernsey) Ordinance, 2002, came into force. The equivalent Ordinances came into effect in Sark and Alderney on 3 April and 17 April 2002, respectively. The effect of the Ordinances is to impose restrictive measures, in particular the freezing of funds, financial assets and economic resources, belonging to those members of the...

​ 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...

​ Business from Sensitive Sources Notice 4