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Amendments to the Disclosure (Bailiwick of Guernsey) Law, 2007 were approved unanimously by the States of Deliberation on 5 July 2023.

On 12 March 2019, the Guernsey Financial Services Commission (GFSC) published the final version of the revised Handbook on Countering Financial Crime and Terrorist Financing (the Handbook).

The background of the matter concerned a request by the principal beneficiary of a discretionary trust, to terminate the trust.

The Forfeiture of Assets in Civil Proceedings (Bailiwick of Guernsey) Law, 2023 (the New Law) comes into force today (26 April 2024).

It's crucial for local businesses to be well-prepared. This assessment will evaluate Guernsey's compliance with international standards for anti-money laundering, countering the financing of terrorism...

The Channel Islands are well regulated jurisdictions, with rigorous and developed financial services regulation as well as strict anti-money laundering ("AML") and combating the financing of terrorism ("CFT") requirements.

The Code applies to persons (the "Entities") licenced or registered to carry out any ‘relevant business' (as such term is defined in the Anti-Money Laundering Regulations, 2008 and which includes, among other matters, banking business, insurance business and the business of company management), and also to non-financial businesses (designated as such in the Non-Financial Business (Designation) Notice, 2008).

In our recent article (available here) we reported that the Guernsey Financial Services Commission (the "GFSC") had been granted leave to appeal to the Court of Appeal.

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

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.

Mik Underdown, MLRO of The Blenheim Group in Guernsey, provides a brief overview of one of the key proposals in the new Disclosure Law that will shortly be enacted in Guernsey.

The Guernsey Financial Services Commission ("GFSC") has updated its Handbook on Countering Financial Crime and Terrorist Financing (the "Handbook") to cover virtual asset...

Guernsey's most recent States of Deliberation meeting has approved a detailed policy letter setting out proposals for new legislation which will affect banks...

Ms Jardine was STM's MLRO between May 2010 and March 2012, she also acted as the Company's MLCO during this time.

On December 12, 2018, the States of Guernsey voted to approve legislation which represents the culmination of a substantial effort to revise Guernsey's proceeds of crime framework in order to meet the ...

We remember 2008 for Obama becoming President, the Beijing Olympics and the global financial crisis.

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.