Mr James Watchorn (Date of Birth 17 August 1976) of Le Douit, Saints Bay Road, St Martin, Guernsey, GY4 6ES (2026-03-12)

Summary

This is a public notice from the Guernsey Financial Services Commission announcing a prohibition order against a named individual, Mr James Watchorn, issued under the Commission's enforcement powers legislation. It records that he is barred from holding certain compliance-related roles within the financial services sector for a defined period.

• Legal basis: Prohibition order made pursuant to Section 33 of the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020.
• Prohibited functions: Holding the position of money laundering reporting officer (MLRO) and money laundering compliance officer (MLCO).
• Prohibition period: From 9 March 2026 to 9 August 2027.

The notice is informational in nature, published to alert the industry that this individual may not act in the specified compliance roles during the stated period; it does not itself impose new ongoing regulatory requirements beyond compliance with the existing prohibition.

Key obligations

• Mr James Watchorn is prohibited from holding the position of money laundering reporting officer or money laundering compliance officer from 9 March 2026 to 9 August 2027.
• Financial services businesses must not appoint or permit Mr James Watchorn to act as MLRO or MLCO during the prohibition period.

Applies to

money laundering reporting officers, money laundering compliance officers, financial services businesses

Deadlines

• 9 March 2026 to 9 August 2027: Period during which Mr James Watchorn is prohibited from holding the position of money laundering reporting officer and money laundering compliance officer.