GFSC Handbook on Countering Financial Crime (AML/CFT/CPF)
The Bailiwick's AML/CFT/CPF rules and guidance for financial services businesses and prescribed businesses, issued under the Criminal Justice (Proceeds of Crime) regulations.
- Applies in
- Guernsey
- Edition
- 2025 edition
- Area
- Financial crime (AML/CFT/CPF)
What an assessor reads first.
The headline requirements in Amoreg’s catalogue, in the issuer’s own numbering where it has one. They are where a review starts, not a transcription of the text.
- Ch.3Business risk assessment and risk-based approachRisk assessment
- Ch.4Customer due diligence, verification and beneficial ownershipCustomer due diligence
- Ch.5Enhanced measures for high-risk relationships and PEPsCustomer due diligence
- Ch.7Monitoring transactions and activityMonitoring
- Ch.11Sanctions screening and UN/UK regime complianceScreening
- Ch.12Reporting suspicion to the MLRO and the FIUReporting
- Ch.13Record keepingRecords
- Ch.15Board responsibility, MLRO/MLCO appointment and trainingGovernance
How Amoreg keeps you on it.
Enable the GFSC Handbook on Countering Financial Crime (AML/CFT/CPF) and the Monitor suggests GFSC as a source. Every publication it records keeps its source, stage and date.
Inspector reads your policies against these 8 requirements every week and opens a finding wherever one falls short, citing the rule and drafting the fix. A person decides what is applied.
Each week
- Read gfsc.gg/news
- Check the library against 8 requirements
- Open findings with drafted fixes
- Wait for a person to decide
Policy does not yet set out: business risk assessment and risk-based approach
- Rule
- GFSC Handbook on Countering Financial Crime (AML/CFT/CPF), Ch.3
- Area
- Risk assessment
- Proposed by
- Inspector
- Decided by
- A named person, once reviewed
The same ground, elsewhere.
- FATF RecommendationsThe 40 Recommendations — the international standard every national AML/CFT/CPF regime is measured against.Global · 8 controls
- Wolfsberg Group StandardsIndustry standards for correspondent banking, the CBDDQ/FCCQ questionnaires and effectiveness-based AML programmes.Global · 4 controls
- JFSC AML/CFT/CPF HandbookHandbook for the prevention and detection of money laundering, terrorist financing and proliferation financing under the Money Laundering (Jersey) Order 2008.Jersey · 8 controls
- Isle of Man AML/CFT Code 2019The Anti-Money Laundering and Countering the Financing of Terrorism Code 2019, with the FSA's AML/CFT Handbook as guidance.Isle of Man · 8 controls
- Cayman Islands Anti-Money Laundering RegulationsThe AMLRs under the Proceeds of Crime Act, read with CIMA's Guidance Notes — departure from the Guidance Notes without justification is treated as non-compliance.Cayman Islands · 8 controls
- BVI Anti-Money Laundering Regulations & Code of PracticeThe AML Regulations 2008 and the AML and Terrorist Financing Code of Practice 2008, as amended by the FSC.British Virgin Islands · 8 controls
Also in Guernsey
- Data Protection (Bailiwick of Guernsey) Law, 2017The Bailiwick's GDPR-equivalent law, with EU adequacy.Guernsey · 9 controls
- GFSC Cyber Security Rules and GuidanceBoard-owned cyber security based on the NIST functions, for all licensees.Guernsey · 5 controls
- GFSC Finance Sector Code of Corporate GovernancePrinciples for the boards of all Guernsey licensees, with an annual confirmation of compliance.Guernsey · 5 controls
- GFSC Fiduciary Rules and GuidanceConduct, client asset, record keeping and resourcing rules for fiduciary licensees.Guernsey · 5 controls
- Guernsey Beneficial Ownership RegimeResident agent duties to identify and register beneficial owners of Guernsey legal persons.Guernsey · 3 controls
- Guernsey Protection of Investors Law & Collective Investment Scheme RulesLicensing and conduct for investment business and the rules for authorised and registered schemes.Guernsey · 4 controls
Questions
Does Amoreg watch for changes to the GFSC Handbook on Countering Financial Crime (AML/CFT/CPF)?
Yes. Enable it and the Monitor suggests Guernsey Financial Services Commission as a source; every publication it records keeps its source, stage and date.
Can Amoreg check our policies against the GFSC Handbook on Countering Financial Crime (AML/CFT/CPF)?
Yes. Inspector reads your library against its requirements every week and opens a finding, with the rule it cites and a proposed fix, wherever a policy falls short. A person decides what is applied.
Which edition does Amoreg use?
The catalogue records 2025 edition. Editions were last verified in August 2026, and the Monitor records new publications as they appear.