The Guernsey Financial Services Commission has made minor amendments to Chapter 9 of its Handbook on Countering Financial Crime (AML/CFT/CPF) to correct an anomaly in how the guidance treats pooled accounts operated by subsidiary companies of investment and fiduciary licensees. The changes follow feedback received through the Commission’s engagement with industry and representative associations. Clean and tracked versions of the updated Handbook, including Appendix I, have been published on the Handbook page.
Guernsey Financial Services Commission 2025-05-02
Guernsey Financial Services Commission amends AML/CFT/CPF Handbook guidance on pooled accounts to correct anomaly affecting subsidiary operators
The Guernsey Financial Services Commission has amended Chapter 9 of its Handbook on Countering Financial Crime to address an anomaly regarding pooled accounts by subsidiary companies of investment and fiduciary licensees. These changes were informed by industry feedback. Updated versions of the Handbook are now available.