The same question, a different answer in each place.
A firm in Guernsey and a firm in Luxembourg can ask the same thing and both be right with different answers. Here is what binds firms in each jurisdiction Amoreg’s catalogue covers, and which regulators it watches there.
- GuernseyThe Bailiwick’s fiduciaries, funds, insurers, banks and pension providers are supervised by the Guernsey Financial Services Commission. Data protection sits with the Office of the Data Protection Authority, and beneficial ownership with the Guernsey Registry.10 regimes · 3 sources watched
- JerseyThe Jersey Financial Services Commission supervises the island’s finance industry. Its AML/CFT/CPF Handbook and its codes of practice for trust company business and funds set most of the day-to-day obligations; data protection sits with the Jersey Office of the Information Commissioner.5 regimes · 2 sources watched
- Isle of ManThe Isle of Man Financial Services Authority supervises banking, investment, fiduciary, insurance and pensions business, and the AML/CFT Code 2019 applies across the regulated sector. The Information Commissioner oversees data protection.4 regimes · 2 sources watched
- United KingdomUK firms answer to the FCA for conduct and, where dual-regulated, to the PRA for prudential matters. Money-laundering obligations come from the Money Laundering Regulations 2017, read with sector guidance such as the JMLSG’s.27 regimes · 1 source watched
- European UnionEU rules arrive as regulations that apply directly and directives that each member state transposes. They are published in the Official Journal and worked out in detail by ESMA, the EBA and EIOPA.17 regimes · 4 sources watched
- IrelandThe Central Bank of Ireland authorises and supervises Irish financial services firms. Money-laundering obligations come from the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010.3 regimes · 1 source watched
- LuxembourgThe CSSF supervises Luxembourg’s financial sector outside insurance. Its circulars, such as 20/750 on ICT risk and 22/806 on outsourcing, carry much of the operational detail.3 regimes · 1 source watched
- Cayman IslandsThe Cayman Islands Monetary Authority supervises banking, insurance, funds and fiduciary business. The Anti-Money Laundering Regulations are read with CIMA’s Guidance Notes.5 regimes
- British Virgin Islands2 regimes in Amoreg’s catalogue bind firms in British Virgin Islands, across financial crime and tax transparency & substance.2 regimes
- Bermuda1 regime in Amoreg’s catalogue bind firms in Bermuda, across financial crime.1 regime
- Malta1 regime in Amoreg’s catalogue bind firms in Malta, across financial crime.1 regime
- Switzerland1 regime in Amoreg’s catalogue bind firms in Switzerland, across financial crime.1 regime
- Mauritius1 regime in Amoreg’s catalogue bind firms in Mauritius, across financial crime.1 regime
- United Arab Emirates4 regimes in Amoreg’s catalogue bind firms in United Arab Emirates, across financial crime and data protection & privacy.4 regimes
- Singapore3 regimes in Amoreg’s catalogue bind firms in Singapore, across financial crime, data protection & privacy and operational resilience & ict.3 regimes
- Hong Kong1 regime in Amoreg’s catalogue bind firms in Hong Kong, across financial crime.1 regime
- Australia1 regime in Amoreg’s catalogue bind firms in Australia, across financial crime.1 regime
- IndiaIndian firms answer to the regulator for their sector: SEBI for securities markets, the Reserve Bank of India for banks and payments, and IRDAI for insurers. Money-laundering obligations come from the PMLA 2002, reported to FIU-IND; firms in GIFT City answer to the IFSCA.14 regimes · 5 sources watched
- United States25 regimes in Amoreg’s catalogue bind firms in United States, across financial crime, anti-bribery, fraud & corporate crime, data protection & privacy, information security, investment & funds, audit & assurance quality, tax transparency & substance, conduct & prudential, pensions and corporate governance & fiduciary.25 regimes
- Global standardsStandards that bind no one by law and almost everyone in practice: the FATF Recommendations that national AML regimes are measured against, and the ISO and SOC frameworks every vendor questionnaire asks about.25 regimes · 1 source watched