Regulatory Alerts2024-02-16
Added · Updated
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 reporting obligations in compliance with Schedule 3 of the Criminal Justice Law. The document serves as both binding rules and guidance to ensure the Bailiwick's financial sector remains resilient against exploitation by criminal and terrorist networks.
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