The Commission has published a Consultation Paper containing proposals, which, if implemented, would allow different investor categories to take advantage of an appropriately regulated fund structure. The proposed amendments would complete the current approach for
National Risk Assessment Workshops
In September the Commission ran interactive sector-specific workshops to assist firms in developing their mitigation of the money laundering (“ML”) and terrorist financing (“TF”) risks to their business.
The Commission representatives provided an overview of the inherent ML and TF threats to each sector, interspersed with case studies covering business risk assessments and customer risk assessments.
The sector specific slides have been consolidated into one document, which can be accessed here.
If you have concerns about managing your ML & TF risks or integrating the NRA please contact the Advisory team at Aspida via email@example.com
The Commission has published a Consultation Paper seeking feedback on proposals for changes to the Non-Guernsey Scheme regime. If the proposal is implemented any entity undertaking a restricted activity in or from within the Bailiwick
The Commission has published new guidance aimed at providing clarification about Designated Custodians’ duties and the standards of conduct that are expected of them when they act for Open-Ended Collective Investment Schemes. Designated Custodian should