Regulatory Alerts2024-04-25
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 within the Bailiwick. It operationalizes Schedule 3 to the Criminal Justice Law by detailing requirements for corporate governance, risk-based customer due diligence, beneficial ownership transparency, and suspicious activity reporting. The document serves as both binding regulatory rules and practical guidance to ensure compliance with international FATF standards and domestic legislation.
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