The Guernsey Financial Services Commission and the Policy & Resources Committee have launched a joint consultation on changes to Guernsey’s financial crime supervisory framework in response to recommended actions in MONEYVAL’s early 2025 evaluation report. The proposals would amend the Handbook on Countering Financial Crime and Schedule 3 to the Criminal Justice (Proceeds of Crime) Law. The consultation also proposes minor changes to Schedules 1 and 4 of the law to correct two unintended consequences arising from the Lending, Credit and Finance Law. It seeks information and views on Appendix C of the Handbook, which identifies jurisdictions whose standards are considered equivalent to Financial Action Task Force requirements and supports the use of introducer arrangements and intermediary provisions.
Guernsey Financial Services Commission2026-07-30
Guernsey Financial Services Commission launches joint consultation on MONEYVAL-related supervisory framework changes
The Guernsey Financial Services Commission and the Policy & Resources Committee are consulting on changes to address MONEYVAL recommendations concerning the financial crime supervisory framework. The proposals also correct consequences of the Lending, Credit and Finance Law and seek views on jurisdictions treated as meeting equivalent Financial Action Task Force standards.