Regulatory Alerts2026-05-08
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 of the Criminal Justice (Proceeds of Crime) Law by detailing requirements for corporate governance, risk-based customer due diligence, sanctions compliance, and suspicious activity reporting. The document serves as both binding Commission Rules and interpretive guidance to ensure regulatory compliance and mitigate the risk of the financial sector being exploited for criminal activities.
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