Guernsey Document And Records Retention

Over recent years, businesses and employers in Guernsey (as in the rest of the world) have come under increased pressure from legislators and regulators alike to take steps to combat financial crime, including money laundering and terrorist financing. Some of the measures introduced to counter these threats include a drive towards more comprehensive record keeping, and various laws have now been passed requiring businesses and employers to retain certain records/documents for a prescribed period of time (amongst other things), so that they may be provided to law enforcement officers if required. On the other hand, where records contain personal data, businesses are obliged to comply with general data protection principles, including the requirement not to keep personal data for any longer than is necessary.