Guernsey: Terrorism, Homeland Security & Defence

The Bailiwick of Guernsey has demonstrated that it meets the most stringent international standards following a highly successful outcome from MONEYVAL's assessment into how it combats financial crime.

As part of the Bailiwick of Guernsey's long-term commitment to preventing and eliminating money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction...

The Guernsey Financial Services Commission ("GFSC") updated its Handbook on Countering Financial Crime and Terrorist Financing (the "Handbook") in early July 2023.

The Code applies to persons (the "Entities") licenced or registered to carry out any ‘relevant business' (as such term is defined in the Anti-Money Laundering Regulations, 2008 and which includes, among other matters, banking business, insurance business and the business of company management), and also to non-financial businesses (designated as such in the Non-Financial Business (Designation) Notice, 2008).

The Guernsey Financial Services Commission (GFSC) is in the process of reviewing (with a view to upgrading) the existing anti-money laundering (AML) and countering of financing of terrorism (CFT) regulations. Some of the proposed changes will also mean amendments to existing Guernsey legislation.