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AMENDMENT TO REGULATIONS

The Disclosure (Bailiwick of Guernsey) (Amendment) Regulations, 2014 and the Terrorism and Crime (Bailiwick of Guernsey) (Amendment) Regulations, 2014 came into operation on Thursday 7th August 2014. The amendment of the principal Regulations enables the Financial Intelligence Service to request additional information from third parties under section 2a of the new Regulations.

The amendments were signed by the Home Department Minister following a four week consultation period during which time financial services businesses, associations and other relevant parties could submit comments in relation to the consultation paper. The Home Department were fully appraised as to the responses from the consultation paper and were in agreement that the submissions provided did not affect the amendments to the Regulations.

Attached for your convenience are copies of The Terrorism and Crime (Bailiwick of Guernsey) (Amendment) Regulations, 2014 and The Disclosure (Bailiwick of Guernsey) (Amendment) Regulations, 2014, for your information.