Regulatory Alerts2020-11-23
Financial Services Businesses Instruction Number 05: Screening of Employees
The Guernsey Financial Services Commission issued this instruction to mandate enhanced employee screening procedures for financial services businesses following law enforcement concerns. The directive requires boards to review compliance with anti-money laundering regulations and verify the qualifications and professional memberships of potential employees. Businesses must remedy any identified deficiencies by 29 January 2010, with compliance subject to review during on-site inspections.
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