The Revised Guernsey AML Handbook

First published in Business Life May 2019

The revised Handbook on Countering Financial Crime and Terrorist Financing (Handbook), issued by the Guernsey Financial Services Commission (GFSC), came into operation on Monday 1 April 2019.

The GFSC’s goal for the Handbook is keep the Bailiwick’s framework for anti-money laundering (AML) and countering financial crime (CFT) in line with international standards. By doing so, the GFSC aims to nullify the evolving threat of increasingly sophisticated financial crime and methods of terrorist funding.

The Handbook is intended to achieve this as an accessible source of clear guidance to assist businesses, and their responsible employees, in understanding and adhering to their AML and CFT obligations.