International supervisory bodies have reaffirmed plans to transition away from LIBOR to alternative reference rates (for example; SONIA or SOFR) and, advise that firms should assume that LIBOR will no longer be published beyond the end of 2021. Provisions to transition to alternative rates should be made well in advance of this date. Guernsey regulated […]
The Financial Crime Risk Return (“the Return”) for the reporting period 1 July 2019 to 30 June 2020 will be available for completion on the Online Submissions Portal in July 2020. The submission deadline is 31 October 2020. All firms required to complete the Return should consult the following documents before submission: Financial Crime Risk
The Commission has issued in final form, the revised Handbook on Countering Financial Crime and Terrorist Financing (“the Handbook”) The Commission has made amendments, to the Handbook, in order to take into account the Bailiwick of Guernsey’s National Risk Assessment (“NRA”) on money laundering (“ML”) and the financing of terrorism (“FT”) which was published in
Handbook on Countering Financial Crime and Terrorist Financing Read More »
