News

On 22 August 2023, the Guernsey Court of Appeal handed down its judgment in the case of John Adam Robilliard and the Chairman of the Guernsey Financial Services Commission. The Guernsey Court of Appeal heard an appeal brought by Mr Robilliard against a decision of the Deputy Bailiff in the Royal Court who had dismissed Mr Robilliard’s previous appeal against a decision of one of the Commission’s...

The Financial Services Com mission (Bailiwi ck of Guernsey) Law, 1987 (the “ Financial Services Commission Law”) The Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2000 (the “ Fiduciaries Law”) The Protection of Inve stors (Bailiwick of Guernsey) Law, 1987 (the “POI Law”) The Insurance Managers and Insurance Intermediaries (Bailiwick of...

The Financial Services Commission (Bailiwick of Guernsey) Law, 1987 (the “Financial Services Commission Law”) The Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2000 (the “Fiduciaries Law”) The Protection of Investors (Bailiwick of Guernsey) Law, 1987 (the “POI Law”) The Insurance Managers and Insurance Intermediaries (Bailiwick of...

Please be advised that the United Nations Security Council Committee has amended the details relating to the following individuals and entity listed under the UN North Korea financial sanctions regime – Choe Chun-Sik Ri Jae Il Ri Man Gon Kang Ryong Kim Sok Chol Pak To Chun Ri Yong Mu Jo Yong-Won Munitions Industry Department . These persons are designated for the purposes of the Democratic People...

Please be advised that Marianne HOAYEK Anna KOSAKOVA Riad SALAMEH Raja SALAMEH have been added to the list of persons designated under the Global Anti-Corruption Sanctions Regulations 2021 (the UK regulations) and are subject to an asset freeze. The individuals referred to above appear on the consolidated list, which can be found here . The UK regulations are given effect within the Bailiwick...

Following publication by the Royal Court, we are making available the anonymised judgment of the Deputy Bailiff in X, Y and Z and the Guernsey Financial Services Commission. The Deputy Bailiff heard an appeal against the sanctions imposed on three individuals by one of the Commission’s Senior Decision Makers. The Deputy Bailiff found that the sanctions imposed on the three individuals were within...

The Commission has today issued in final draft form guidance for registered directors on their anti-money laundering and counter terrorist financing ("AML/CFT") obligations. This follows the introduction last month of a director registration regime for individuals using the up to six directorships exemption from fiduciary licensing where no other exemption from registration applies. This guidance...