News

The Commission has today updated the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) to amend Iraq and Bosnia & Herzegovina’s entry on the Appendix I list of higher risk jurisdictions. This is following the Financial Action Task Force’s (“FATF”) decision to include them in its list of jurisdictions under increased monitoring. The Handbook has also been updated to remove...

Please be advised that the following entities and individuals have been designated under the Chemical Weapons (Sanctions) (EU Exit) Regulations 2019 (the UK Regulations): THE STATE RESEARCH INSTITUTE OF MILITARY MEDICINE (GNIII VM) (Unique ID: CHW0036) SC SIGNAL (Unique ID: CHW0044) The entities referred to above are subject to an Asset freeze and Director Disqualification Sanction and will appear...

The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 ("the Enforcement Powers Law") The Regulation of Fiduciaries, Administration Business and Company Directors, etc. (Bailiwick of Guernsey) Law, 2020 ("the Fiduciaries Law") The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 ("the Proceeds of Crime Law") The Criminal Justice (Proceeds of...

The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 ("the Enforcement Powers Law") The Regulation of Fiduciaries, Administration Business and Company Directors, etc. (Bailiwick of Guernsey) Law, 2020 ("the Fiduciaries Law") The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 ("the Proceeds of Crime Law") The Criminal Justice (Proceeds of...

On 4 June 2026, the Guernsey Financial Services Commission (“the Commission”) decided: To impose a financial penalty of £125,000 under section 39 of the Enforcement Powers Law on Mr Domaille. To impose a financial penalty of £40,000 under section 39 of the Enforcement Powers Law on Mr Clarke. To impose a financial penalty of £22,500 under section 39 of the Enforcement Powers Law on Mrs Hannis. To...

The Guernsey Financial Services Commission is pleased to announce that the States of Guernsey has appointed Fiona King as a Commissioner. The vacancy arose following the retirement of Philip Middleton. Mrs King has spent over three decades in the financial services industry as both a senior private sector executive and regulator, giving her a practical understanding of regulation from both sides...

Please be advised that the following entity, has been removed from the UK Sanctions list and is no longer subject to an asset freeze or director disqualification sanction : Name: Unique ID: LIBYAN ARAB AFRICAN INVESTMENT COMPANY LIB0001 The UK sanctions list has been updated and can be found here . The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK...

The Guernsey Financial Services Commission has registered the first island fund to qualify for two parts of the Sustainable Funds Regime. In a milestone for the island’s support for sustainable finance, the solar energy fund is the second to be designated as a Natural Capital Fund and the first to already be a Guernsey Green Fund. The Natural Capital Fund regime provides a regulated designation...

Please be advised that details in respect of the following individual, who is designated under The Russia (Sanctions) (EU Exit) Regulations 2019 , have been varied on the UK Sanctions List. Mikhail FRIDMAN (Unique ID: RUS0664) The above individual is still subject to Asset freeze, Travel Ban, Trust Services Sanctions, Director Disqualification Sanction and Transport Sanction and a ppears on the UK...