Regulatory Alerts2025-03-03
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 implements Schedule 3 of the Criminal Justice (Proceeds of Crime) Law and FATF recommendations through a risk-based approach covering corporate governance, customer due diligence, and transaction monitoring. The document outlines legal obligations, enforcement powers, and transitional provisions to ensure the Bailiwick's financial sector remains compliant with international anti-financial crime standards.
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