International Compliance
Guernsey remains committed to meeting the Financial Action Task Force standards on Anti Money Laundering (AML) and Combating the Financing of Terrorism (CFT). Accordingly, the Bailiwick of Guernsey has developed robust and effective mechanisms in order to ensure its financial systems and wider economy is protected from the threats of money laundering and financing of terrorism.
Guernsey has in place the relevant legislation which obliges all beneficial owners of Guernsey companies and other legal persons to be properly identified and recorded. Guernsey also regulates trust and company service providers (CSPs), this regime ensures that all CSPs are fit and proper, having in place appropriate policies and procedures with respect to AML/CFT and are subject to regular inspections by the Guernsey Financial Services Commission. Bearer shares are also prohibited for Guernsey companies.
The Guernsey National Risk Assessment has been finalised and released. The National Risk Assessment demonstrates an ongoing commitment to fight terrorist financing, money laundering and financial crime. Further information can be found on the States of Guernsey website here: Money Laundering and Terrorist Financing NRA
For further information and links please see the International Affairs section on the States of Guernsey website here: International affairs
Document downloads
2019 National Risk Assessment
2019 National Risk Assessment-Report on money laundering and terrorist financing
Guidance on terrorist financing risks to the Bailiwick
Guidance on terrorist financing risks to the Bailiwick
