Ogier on 6th February published an article about a new law set to come into force on 31st March that, it says, represents a substantial revision of Guernsey’s AML/CFT regime designed to satisfy the requirements of the FATF Recommendations and the Guernsey-specific recommendations made by MONEYVAL in 2016.  A new draft of the Handbook was released last year and its guidance is said to be already in use by the regulator.  The article sets out the key changes to the Handbook and the operational changes that will likely be required in order to comply with the new framework.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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