Regulatory Alerts2025-10-28
Guernsey Financial Services Commission Handbook on Countering Financial Crime (AML/CFT/CPF)
The Guernsey Financial Services Commission issued this Handbook to establish mandatory standards for specified businesses to prevent money laundering, terrorist financing, and proliferation financing. It requires firms to implement a risk-based approach, conduct customer due diligence, maintain robust corporate governance, and report suspicious activities in compliance with Schedule 3 of the Criminal Justice (Proceeds of Crime) Law. The document serves as both binding rules and practical guidance to ensure the Bailiwick's financial sector remains secure and compliant with international FATF recommendations.
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