Guernsey

Featured Guernsey

Guernsey: ‘We’ll use all legal powers to stop financial criminals’

Increased powers to seize ill-gotten cash and property are being worked on, the director of Guernsey’s new Economic and Financial Crime Bureau has said. Kevin Davis, previously chief investigator for the UK Serious Fraud Office, said his new agency would use all legal remedies at its disposal as it takes… Read More

New body created to tackle financial crime in Guernsey

A new body has been set up by in Guernsey to investigate money laundering, financial crime and to recover proceeds of unlawful conduct. The Economic Financial Crime Bureau (EFCB), which has been created by the the Committee for Home Affairs, plans to use a range methods – including the law… Read More

Guernsey: Standard Chartered did not check possible link to crime

Standard Chartered failed adequately to check whether assets owned by some of its Indonesian clients were linked to crime or tax evasion, Guernsey’s financial regulator said yesterday. The Guernsey Financial Services Commission said that it had found “serious” breaches of financial rules. Standard Chartered, based in London, was created by… Read More
25th January 2021
The European parliament is pushing for UK overseas territories including the British Virgin Islands, Guernsey and Jersey to be added to an EU tax havens blacklist after the conclusion of the Brexit deal. Sending a signal that tougher action on tax avoidance was required in response… Read More
7th January 2021
France’s highest court has ordered a retrial of members of the art-dealing Wildenstein family who were acquitted of tax fraud in 2018. Guy Wildenstein, a close friend of former president Nicolas Sarkozy, and other family members, known in France as “les W”, were cleared of hiding an estimated €550m… Read More
19th November 2020
It isn’t much fun these days being Prince Andrew, eighth in line to the British throne. Last year he was grounded by his mother, the queen, after a disastrous TV interview about his links to the late money manager and convicted pedophile Jeffrey Epstein. The prince rarely leaves… Read More
Stephen Platt, Chairman of KYC Technologies, offers an optimistic perspective on the impact of technology on AML compliance. Read More
KYC360's Tom Devlin interviews Simon Gaudion, Director of the Enforcement Division at the Guernsey Financial Services Commission. Read More