By Marcus Leese, Alex Horsbrugh- Porter
Ever since its creation in 1987 the Guernsey Financial Services Commission (GFSC) has been part of the advance guard in the offshore world in developing financial regulation to prevent money-laundering and terrorism. Its determination to raise and maintain standards has been been responsible, in large part, for the reputation of Guernsey as a jurisdiction in which the highest standards of financial regulation are maintained and where clients can also have confidence that their assets will be well looked after and protected.
Part of the GFSC’s remit is to ensure that the Bailiwick’s regulatory framework and practice meets international standards and the GFSC is a committed participant in discussions regarding those international standards.
