News

The GFSC AML HANDBOOK REFRESHED AND UPDATE – OUT NOW

15/02/2021

The GFSC Handbook on Countering Financial Crime and Terrorist Financing - 15th February 2021

The Commission has today updated the Handbook following the December consultation regarding changes to rules and guidance in Chapters 3 and 7 on:

  • The risk-based approach and
  • On legal persons and legal arrangements.

Updates have also been made to:

  • Chapter 12 on international sanctions to reflect the new mechanism for implementing UN and UK sanctions in Guernsey following Brexit.

The revised Handbook, including the rules and guidance contained therein, comes into effect on 15th February 2021.

A clean version of the Handbook, together with a tracked version reflecting the Handbook changes published on 30th October 2020, can be accessed here.