What is Bribery and Corruption?

Bribery and Corruption is Illegal in the Bailiwick of Guernsey, it is irrelevant whether the person or business has connections within the Bailiwick, or the activities are conducted in a country or territory outside the Bailiwick.

Bribery occurs when a person accepts, obtains, or agrees to accept or obtain, for either themselves or for any other person, any gift, consideration or advantage as an inducement or reward. 

Corruption happens when a person gives, agrees to give or offers, any gift, consideration or advantage to any other person, for the benefit of that person, as an inducement or reward.

A person found guilty of a bribery or corruption offence under the Bailiwick of Guernsey legislation may be imprisoned for a term not exceeding 7 years and may receive a fine.  

In order to enhance the intelligence available to FIUs, it is important for FIUs and law enforcement to work with financial institutions and other front-line reporting entities to improve the identification of suspicious transactions and activities indicative of corruption. To facilitate this work, the Egmont Group has compiled a set of indicators that may, when considered in the context of a transaction or customer interaction, assist in the identification of corruption and of the laundering of the proceeds of corruption.  A link to these indicators has been included on this page.

The links on this page have been provided in good faith. They are from third parties outside of the control of the Guernsey Financial Intelligence Unit and will take you off this website.