Regulatory Alerts2020-11-23
Prescribed Businesses Instruction (Number 03)
The Guernsey Financial Services Commission issued this instruction to address risks associated with customer due diligence evidence from introducers in secrecy jurisdictions. Prescribed businesses are required to review their compliance with Regulation 10 and specific Handbook rules regarding introducer relationships. Boards must remediate identified deficiencies or discontinue relationships by 26 February 2010 to ensure timely access to customer identification data.
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