Regulatory Alerts2025-07-04
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. It requires firms to implement a risk-based approach encompassing corporate governance, customer due diligence, transaction monitoring, and suspicious activity reporting. The document outlines the legal framework, enforcement powers, and transitional provisions to ensure compliance with international FATF recommendations and local legislation.
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