GuernseyThe Financial Investigation Unit of Guernsey issued a press release highlighting the addition of one individual to the jurisdiction’s Central African Republic sanctions regime.
The Financial Intelligence Service of Guernsey released an annual report analyzing trends within suspicious activity reports of money laundering and terrorist financing submitted to the regulator during the course of the 2019 year.
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UK Crown Dependencies Set Date for Wider Access to Beneficial Ownership Databases
Financial institutions vetting firms formed in the U.K. crown dependencies of Guernsey, Jersey and the Isle of Man will have access to government-run registers of beneficial-ownership data by 2022, one year before those governments plan to make the information publicly available.
The Guernsey Financial Services Commission imposed financial penalties on the Guernsey-based firm and five current and former directors for failing to comply with applicable anti money laundering and counterterrorist financing regulations.
On Aug. 24, 2015 the Guernsey Financial Services Commission imposed financial penalties against five directors of the Guernsey-based company due to significant failings concerning its anti-money laundering and counter terrorism financing systems and controls.
| Technical | Effectiveness |
|---|---|
| Compliant : 25 | High : |
| Largely Compliant : 22 | Substantial : |
| Partially Compliant : 2 | Moderate : |
| Non-Compliant : 0 | Low : |
| Rank : N/A |
| Score : N/A |
| Rank : N/A |
| Score : N/A |
| Rank : 11/133 |
| Score : 71/100 |