18 results found

On 12 November 2018 the Guernsey Financial Services Commission (GFSC) issued a revised Handbook on Countering Financial Crime and Terrorist Financing (the Handbook).

The Guernsey Financial Services Commission (GFSC) is in the process of reviewing (with a view to upgrading) the existing anti-money laundering (AML) and countering of financing of terrorism (CFT) regulations. Some of the proposed changes will also mean amendments to existing Guernsey legislation.

Baroness Margaret Hodge and Jake Richards MP visited Guernsey to examine the island's approach to beneficial ownership transparency and its fight against illicit finance.

Money laundering reporting officers (MLROs) and compliance professionals in Guernsey's finance industry would welcome more detailed guidance and clarity around the steps

The Bailiwick of Guernsey has demonstrated that it meets the most stringent international standards following a highly successful outcome from MONEYVAL's assessment into how it combats financial crime.

In the last few weeks, we have received a number of urgent instructions as a result of the unprecedented impact of the coronavirus (COVID-19) situation. These instructions range from: heightened risks facing Guernsey directors...

Collas Crill Compliance Limited is running a series of masterclasses to help MLROs and MLCOs meet additional training requirements ahead of the MONEYVAL visit.

The Guernsey Financial Services Commission ("GFSC") updated its Handbook on Countering Financial Crime and Terrorist Financing (the "Handbook") in early July 2023.

As part of the Bailiwick of Guernsey's long-term commitment to preventing and eliminating money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction...

The AUKUS trilateral security partnership between Australia, the UK and the US has announced its first major Pillar II project focused on uncrewed undersea vehicles, marking a significant milestone in advanced military capability development. This joint development initiative aims to deliver operational payloads and enabling systems by 2027, addressing previous concerns about the pace of progress beyond the submarine acquisition programme.

The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) (Amendment) Ordinance, 2018 was approved by the States of Guernsey in December 2018 ...

The Lending, Credit and Finance (Bailiwick of Guernsey) Law 2022, (LCF Law) came into effect on 1 July 2023. Businesses carrying out activities covered by the LCF Law must now obtain a licence...

In the midst of the ongoing global turmoil caused by the Covid-19 pandemic, Guernsey's finance industry has emerged from the local lockdown in a relatively strong condition.

The Commission is committed to international regulatory co-operation and is a signatory to the IOSCO and IAIS memorandums of understanding.

Proliferation and proliferation financing (collectively "PPF") are both significant threats to global peace and security. Given current instability arising from...

On 20 April 2022, the Financial Action Task Force (FATF) published what it termed a landmark report on the state of effectiveness and compliance with the FATF standards.