Regulatory Alerts2025-09-03
Guidance on Private Trust Companies
The Guernsey Financial Services Commission issues guidance requiring Private Trust Companies to obtain either a fiduciary licence or limited permission under the Regulation of Fiduciaries Law. Applicants must demonstrate that the entity serves specific connected trusts, is administered by a licensed fiduciary, and maintains robust AML/CFT/CPF controls to mitigate reputational and financial crime risks. Licensed fiduciaries are mandated to provide enhanced oversight and maintain comprehensive records of ownership and trust activities for regulatory inspection.
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