Welcome to Guernsey's Financial Investigation Unit
The beginning of 2009 saw a change in mandate in how Guernsey discharges its responsibilities in the combating of financial crime and terrorist financing. All cross border financial crime activities became the responsibility of the Guernsey Border Agency, Cross Border Crime Division.
This resulted in the establishment of the Financial Investigation Unit (FIU), which comprises of three teams, the Financial Intelligence Service (FIS), which is jointly staffed by Guernsey Police and Guernsey Border Agency (GBA) staff, the Financial Criminal Team (FCT) and the Civil Forfeiture Team (CFT).
The FIU through the GBA is mandated by the Home Department to prevent and combat financial and economic crime. The GBA is required to protect the Island's good reputation as a successful and well regulated offshore finance centre. The GBA must also align its activities to complement FATF recommendations, the requirements of the IMF and other relevant international standard setters.
The FIS is the central point of contact for the reporting of all Suspicious Transaction Reports (STRs), receiving, (and as permitted, requesting), analysing and disseminating to the competent authorities, disclosures of financial information:
i. Concerning suspected proceeds of crime and potential financing of terrorism, or
ii. Required by national legislation or regulation, in order to combat money laundering and terrorism financing.
The GBA is fully committed to targeting and taking profit away from criminals, both locally and internationally, by robustly removing the proceeds of their crimes.
The three teams within the FIU have recently all been relocated at Ozanne Hall, Mignot Plateau, Cornet Street, St Peter Port, Guernsey GY1 1LF. Integrating the Unit in this way should enable the Bailiwicks Financial Crime Strategy to be effectively and efficiently supported.