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
6th June 2016
On 11 May 2016 the Royal Court of Guernsey handed down its final judgment in the appeal brought by Bordeaux Services (Guernsey) Limited & Ors v Guernsey Financial Services Commission. The Commission has considered this ruling carefully and believes that some key messages are contained within the judgment that are important both for Financial Services Business in the Bailiwick, and also for the Commission when bringing enforcement sanctions against licensees and individuals. Read More
29th April 2016
Guernsey’s financial services regulator has published a consultation paper following a decision made by the States of Guernsey in January of this year to increase the discretionary financial penalties which the Commission is able to apply in cases where there have been serious regulatory shortcomings. Read More
28th April 2016
This Notice is issued further to the addition of five natural persons to the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. Read More
22nd April 2016
Guernsey’s financial services regulator has published a guidance note on its general approach to the enforcement process which it administers. This brings together the extensive public guidance which is already available on the Commission’s website. Read More
20th April 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 Central African Republic, North Korea and Iran. Read More
18th April 2016
An international fraud investigation raises vexing questions. Read More