2024-03-13

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 requires firms to implement a risk-based approach encompassing corporate governance, customer due diligence, transaction monitoring, and suspicious activity reporting in compliance with Schedule 3 of the Criminal Justice Law. The document provides detailed guidance on identifying beneficial ownership, managing sanctions, and maintaining records to ensure alignment with international FATF recommendations and local legislation.

Guernsey

Guernsey Financial Services Commission

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