Guernsey Country Summary
Sanctions
Lower Concern
FATF AML Deficient List
Lower Concern
Terrorism
Lower Concern
Corruption
Lower Concern
US State ML Assessment
Medium Concern
Criminal Markets (GI Index)
Medium Concern
EU Tax Blacklist
Lower Concern
Offshore Finance Center
Higher Concern
Please note that although the below Summary will give a general outline of the AML risks associated with the jurisdiction, if you are a Regulated entity then you may need to demonstrate that your Jurisdictional AML risk assessment has included a full assessment of the risk elements that have been identified as underpinning overall Country AML risk. To satisfy these requirements, we would recommend that you use our Subscription area.
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Anti Money Laundering
FATF Status
Guernsey is not on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Guernsey was undertaken in 2024. According to that Evaluation, Guernsey was deemed Compliant for 25 and Largely Compliant for 15 of the FATF 40 Recommendations. It was deemed Highly Effective for 2 and Substantially Effective for 4 of the Effectiveness ratings.
Sanctions
There are no international sanctions currently in force against this country
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | NA |
| World Bank: Control of Corruption Percentile Rank | NA |
Economy
Guernsey's economy is a high-income English Channel island economy, heavily reliant on its robust financial sector, which has been impacted by COVID-19 disruptions. The island boasts a low unemployment rate of 5.98% and a diverse labor force, with key industries including tourism, banking, and agriculture, while maintaining a stable inflation rate and an independent taxation authority.
Guernsey offers a favorable investment climate, characterized by its status as an offshore finance center with light taxation and the absence of capital gains or inheritance taxes. The island has achieved a strong credit rating of AA-/A-1+ from Standard & Poor's, reflecting a stable outlook for investors. Additionally, the local government has issued bonds to support infrastructure and public services, further enhancing the investment landscape.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings