9th October 2017
9 Ocotber 2017 By Cindy Silviana, Hidayat Setiaji, REUTERS Indonesia is investigating reports that $1.4 billion (1.07 billion pounds) held by Standard Chartered Plc (STAN.L) in Guernsey, mainly on behalf of Indonesian clients, was transferred to Singapore just before the island moved to new tax transparency rules, officials said. A… Read More
Stephen Platt, Chairman of KYC Technologies, offers an optimistic perspective on the impact of technology on AML compliance. Read More
KYC360's Tom Devlin interviews Simon Gaudion, Director of the Enforcement Division at the Guernsey Financial Services Commission. Read More
7th December 2016
Financial services providers must start adapting and expanding compliance procedures to deal with the new UK failure to prevent the facilitation of tax evasion offence that is set to come into force next year, says Ogier's Head of Regulatory Services. Read More
20th October 2016
A court in the United States ruled on Monday to disqualify lawyers representing a firm connected to the Magnitsky fraud case, after they had switched sides to defend a company accused of money laundering. The ruling by the US Court of Appeals for the Second Circuit instructed a court in… Read More
19th October 2016
The Commission has today issued an FAQ for legal professionals as a result of the recent changes to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999. The FAQ has been created to assist legal professionals in determining whether or not a particular service they offer is within… Read More
15th September 2016
The MoU is intended to facilitate cooperation on the supervision of cross-border establishments and the exchange of information Read More
24th August 2016
Providence Investments Funds and its manager Providence Investment Management International have been wound up by order of the Royal Court of Guernsey. The wind-up application was brought by the Guernsey Financial Services Commission (GFSC) after all of the directors of both companies resigned on 4 and 5 August, having informed… Read More
18th July 2016
Guernsey States have formally committed to international agreements to clamp down on tax evasion and money laundering. The government says it is supporting an initiative by G5 countries to share information on beneficial ownership. Beneficial ownership refers to when one person benefits from assets even though the legal title belongs… Read More
13th July 2016
Please be advised that there have been a number of developments in relation to the Bailiwick’s sanctions regime which are set out below.  These developments concern sanctions relating to Liberia, Cote d’Ivoire and Syria. LIBERIA In recognition of the sustained progress made by the Government of Liberia in rebuilding Liberia… Read More