Regulatory Alerts2026-05-05
Guernsey Financial Services Commission Handbook on Countering Financial Crime (AML/CFT/CPF)
The Guernsey Financial Services Commission issues this Handbook to establish mandatory standards for all specified businesses in the Bailiwick to prevent money laundering, terrorist financing, and proliferation financing. It operationalizes Schedule 3 of the Criminal Justice (Proceeds of Crime) Law by detailing requirements for corporate governance, risk-based customer due diligence, beneficial ownership identification, and transaction monitoring. The document further mandates robust reporting of suspicious activities, strict record-keeping, and comprehensive employee training to ensure compliance with international FATF recommendations and local legislation.
Share