Financial Investigation Unit Mandate
January 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 Customs and Immigration Service, which is in the process of migrating to the Guernsey Border Agency.
In 2009 the Financial Investigation Unit (FIU) branch of the Law Enforcement Division was established. The FIU comprises of three teams: the Financial Intelligence Service, which is jointly staffed by Police and Guernsey Border Agency (GBA) staff; the Financial Criminal Team and the Civil Forfeiture Team.
The GBA is mandated by the States of Guernsey, Home Department through the FIU 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 align its activities to complement the Financial Action Task Force recommendations, the requirements of the International Monetary Fund and other relevant international standard setters.
The GBA is committed to aggressively target and take profit away from criminals, both locally and internationally, by robustly removing the proceeds of their crimes.
In supporting the UN Convention against Corruption, the GBA must investigate allegations of corruption. Similarly the GBA must also investigate allegations of bribery of foreign officials and politically exposed persons, which is classified as a money laundering offence.
The GBA will be responsible within the Bailiwick for combating financial and economic crime working in partnership with the Guernsey Police.
Financial Investigation UnitOzanne Hall, Mignot Plateau, Cornet Street, St Peter Port, GY1 1LF, Guernsey
Tel: 44 (0)1481 714081 Fax: 44 (0)1481 710466