Regulatory Alerts2017-12-05
Guernsey Financial Services Commission Instructions and Notices Record of Changes
The Guernsey Financial Services Commission issued a chronological record of regulatory notices and instructions directed at Financial Services Businesses and Prescribed Businesses from 2007 to 2011. These directives mandated enhanced customer due diligence and heightened caution when engaging with clients or transactions involving jurisdictions identified as sensitive or having strategic anti-money laundering deficiencies. The updates systematically revised the list of monitored countries and territories, incorporating specific concerns regarding Iran, North Korea, and various West African nations while repealing previous notices.
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