GFSC

Advisory

41 published document(s) from Guernsey Financial Services Commission.

CitationStatusSummary
2021 Sanctions Thematic ReviewIssuedThis is a thematic review report published by the Guernsey Financial Services Commission summarising the findings of its 2021 review into how banks, fiduc…
Advisory Notice Regarding Initial Coin Offerings (2017-09-26)Issued 2017-09-26This is a short public advisory issued by the Guernsey Financial Services Commission (GFSC) warning consumers about Initial Coin Offerings (ICOs), a metho…
Beneficial Ownership of Guernsey and Alderney Legal Persons – Thematic Review 2018/2019Issued 2019-06-05This is a Guernsey Financial Services Commission thematic review report, published in 2019, summarising the findings of an onsite and questionnaire-based…
Business Continuity Planning and Disaster Recovery Management in the Banking Sector of the Bailiwick of Guernsey (2008-10)Issued 2008-10-01This is a thematic report published by the Guernsey Financial Services Commission in October 2008 summarising the findings of a review into business conti…
Client Money - Fiduciary - Thematic Review 2024Issued 2025-02-13This is a GFSC thematic review report summarising findings from a 2024 review of Client Money controls at primary fiduciary licensees (trust and corporate…
Client Money - Investment - Thematic Review 2024Issued 2025-02-13This is a GFSC thematic review report summarising findings from a 2024 review of Client Money controls at investment licensees (designated administrators,…
Client Money Thematic Review 2016Issued 2017-02-17This is a GFSC report on the findings of its 2016 Thematic Review into how fiduciary licensees in Guernsey operate Client Money arrangements. It is an inf…
Conflicts of Interest - Fiduciary - Thematic Review 2025Issued 2025-09-22This is a thematic review report published by the Guernsey Financial Services Commission summarising findings from a 2025 review of how fiduciary licensee…
Conflicts of Interest - Investment - Thematic Review 2025Issued 2025-09-22This is a thematic review report published by the Guernsey Financial Services Commission summarising the findings of a 2025 review into how investment and…
Correspondent and intermediary relationships in the investment sector - Thematic Review (2025-12-15)Issued 2025-12-15This GFSC thematic review reports on onsite examinations of investment sector firms' handling of regulated intermediary and correspondent relationships un…
Data Security - A Thematic Report on Practices within the Fiduciary Sector (2014-04)Issued 2014-04-16This is a thematic report published by the Guernsey Financial Services Commission summarising the results of a 2013 review of data security practices acro…
Fiduciary Decision Making in Respect of Assets Under Trust - Thematic Review 2015Issued 2016-01-11This is a GFSC thematic review report summarising the findings of a 2015 review into how Guernsey trust service providers (fiduciary licensees) make decis…
Financial Crime Governance, Risk and Compliance – Fund Managers & Fund Administrators (Thematic Review 2017)Issued 2017-11-15This is a thematic review report published by the Guernsey Financial Services Commission summarising findings from a 2016 review of financial crime govern…
Financial Crime Governance, Risk and Compliance – Smaller Firms in the Trust and Corporate Service Provider Sector: Thematic Review 2017Issued 2018-05-14This is a GFSC thematic review report summarising findings from a 2017 survey and on-site visits to 35 smaller trust and corporate service providers (TCSP…
Financial Crime Training Thematic Review - Report of Findings (2016-06-08)Issued 2016-06-08This is a thematic review report published by the Guernsey Financial Services Commission's Financial Crime Supervision and Policy Division, summarising fi…
General Insurance – Are Customers Treated Fairly? Thematic Review 2018Issued 2018-12-18This is the GFSC's 2018 thematic review report examining whether general insurance intermediaries in the Bailiwick of Guernsey treat customers fairly. It…
Governance, Risk and Compliance Controls to Counter Financial Crime - Estate Agency, Legal and Accountancy Services - Thematic Review 2024Issued 2024-04-04This is a thematic review report published by the Guernsey Financial Services Commission summarising findings from an on-site and desk-based review of gov…
Insurance Reserving Thematic Review 2024Issued 2025-02-04This is a thematic review published by the GFSC summarising the findings of a review into reserving methodology and practices among general insurers and r…
Insurer Annual Returns Thematic Review 2018Issued 2018-11-30This is the GFSC's report on its 2018 Thematic Review of insurer annual returns, examining whether the quantitative and qualitative information licensed i…
Investment and Long Term Insurance Sales Practice - Thematic Review 2017Issued 2017-09-11This is the GFSC's 2017 thematic review report on how investment and long term insurance intermediaries are complying with existing sales practice and sui…
ML and TF Business Risk Assessments Thematic Review - 2022Issued 2022-12-15This is a GFSC thematic review reporting on the Commission's examination of money laundering (ML) and terrorist financing (TF) Business Risk Assessments (…
Managing Outsourcing Risk - Practices within the Banking Sector (2011-05)Issued 2011-05-01This is a thematic report published by the Guernsey Financial Services Commission's Banking Division, summarising the results of a 2011 review into how Gu…
Managing the risk posed by Politically Exposed Persons - Thematic Review (2023-07-27)Issued 2023-07-27This is a thematic review report published by the Guernsey Financial Services Commission (GFSC) summarising the findings of its 2022 to 2023 review of how…
Motor Trade - Thematic Review - 2025Issued 2026-03-27This is the Guernsey Financial Services Commission's first thematic review of the motor finance sector, examining how licensees under the Lending, Credit…
Outsourcing in the Banking Sector in the Bailiwick of Guernsey - Thematic Report (2008-11)Issued 2008-11-01This is a thematic report issued by the Guernsey Financial Services Commission summarising the findings of its 2008 review into outsourcing practices in t…
Pension Arrangements in the Bailiwick - Thematic Review 2017Issued 2018-02-16This is a thematic review report published by the Guernsey Financial Services Commission (GFSC) following a 2017 survey and onsite visits examining how fi…
Red Alert - Financial Sanctions Evasion Typologies: Russian Elites and Enablers (2022-07)IssuedThis is a Red Alert originally issued by the UK's National Economic Crime Centre (NECC) and HM Treasury's Office of Financial Sanctions Implementation (OF…
Report on the 2019 Thematic Review of Insurer Cash Management and Control of Funds (February 2020)Issued 2020-02-06This is a thematic review report published by the Guernsey Financial Services Commission summarising findings from its 2019 review of cash management and…
Report on the Thematic Review of Insurance Managers' Client Take On Procedures (2015-07-24)Issued 2015-07-24This is a thematic review report in which the Guernsey Financial Services Commission summarises findings from onsite visits to a sample of licensed Insura…
Report on the Thematic Review of Investment and Long-term Insurance Sales Practice (2014-06)Issued 2014-06-01This is a thematic review report published by the Guernsey Financial Services Commission summarising findings from on site visits conducted in late 2013 t…
Report on the Thematic Review of the Sales of General Insurance Add-on Products (December 2015)Issued 2015-12-01This is a thematic review report published by the Guernsey Financial Services Commission examining how general insurance intermediary licensees and their…
Report on the Thematic Review on Reinsurance and Other Forms of Risk Transfer (2021)Issued 2022-02-08This is a thematic review report published by the Guernsey Financial Services Commission summarising the findings of its 2021 review of how licensed insur…
Reporting Suspicion - Thematic Review 2020 (2021-07-15)Issued 2021-07-15This is a thematic review report published by the Guernsey Financial Services Commission summarising the findings of a 2020 review into how firms report s…
Review of the Guernsey Green Fund Regime - Thematic Review 2020-2021Issued 2021-03-11This is a thematic review report published by the Guernsey Financial Services Commission summarising findings from its 2020-2021 review of the Guernsey Gr…
Review of the Pension Transfer Landscape in the Bailiwick - Thematic Review 2021-2022Issued 2022-06-09This is a thematic review published by the Guernsey Financial Services Commission (GFSC) summarising findings from a 2021 to Q1 2022 review of pension tra…
Risk Warning Regarding the Increased Use of Compromised E-mail Accounts to Commit Fraud (2015-03-11)Issued 2015-03-11This is a risk warning from the Guernsey Financial Services Commission (GFSC) alerting financial institutions to a rise in fraud attempts carried out via…
Risk warning regarding fraud against customers in southern Africa (2013-02-13)Issued 2013-02-13This is a risk warning issued by the Guernsey Financial Services Commission alerting licensees to an increase in fraud targeting customers based in southe…
Sanctions Thematic Review - 2021 (2022-05-11)Issued 2022-05-11This is a thematic review report published by the Guernsey Financial Services Commission summarising the findings of its 2021 review into banks', fiduciar…
Source of Funds/Source of Wealth in the Private Wealth Management sector - Thematic Review (2020-07-07)Issued 2020-07-07This is a Guernsey Financial Services Commission thematic review report, published 7 July 2020, examining how firms in the private wealth management secto…
Thematic Review 2015 - Alternative Custody Arrangements of Open Ended Collective Investment Schemes (2016-02-04)Issued 2016-02-04This is a thematic review report published by the GFSC summarising findings from a 2015 survey of open ended Class B and Class Q collective investment sch…
Thematic Review of Unclaimed Client Money of Collective Investment Schemes (2023)Issued 2023-07-21This is a Thematic Review report issued by the GFSC summarising a 2022-2023 review into how unclaimed and unallocated client money is handled across Guern…