The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey)
(Amendment) Ordinance, 2018 was approved by the States of Guernsey
in December 2018 and is set to come into force on 31 March 2019.
The new legislation represents a substantial revision of
Guernsey's anti-money laundering and countering financing of
terrorism (AML/CFT) regime designed to satisfy the
requirements of the 2012 Financial Action Task Force
(FATF) and the Guernsey specific recommendations
made by MONEYVAL in 2016.
In November 2018, a final draft of the revised Handbook on
Countering Financial Crime and Terrorist Financing (the
Handbook) was published and for all practical
purposes, this document will be the key reference for the local
financial industry.
