Following the presentations on the National Risk Assessment (“NRA”) in February, the Commission will be running a series of interactive workshops to assist firms in developing their mitigation of the money laundering and terrorist financing risks to their business. The NRA workshops are being held in September 2020 and invites have been sent to all …
The Commission has issued 2 discussion papers (DP’s) on proposals concerning rules to be made following the approval of the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2020 (the “2020 Fiduciaries Law”) and the Protection of Investors (Bailiwick of Guernsey) Law, 2020 (the “2020 PoI Law”). The first DP …
Discussion Papers on Ancillary Vehicles and the New Fiduciary Licence Categorisation Read More »
Please be advised that the UN Security Council Committee concerning the Central African Republic has added Bi Sidi Souleman to its sanctions list, on the basis of his leadership of the CAR militia group, Retour, Réclamation, Réhabilitation (3R). Under section 13 of the Sanctions (Bailiwick of Guernsey) Law, 2018 (the Sanctions Law), this sanction is …
The Commission has launched a consultation paper on proposals for increasing the licence fees paid by firms. The proposals are for an increase of 2.1% across all sectors, based upon Guernsey’s RPI, together with the introduction of a modest fee for fast track applications of £500. The consultation period will be from the 4th of …
