Guernsey Country Summary
Sanctions
No
FATF AML Deficient List
No
Terrorism
Corruption
US State ML Assessment
Criminal Markets (GI Index)
EU Tax Blacklist
Offshore Finance Center
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.
If you would like a demo of our Subscription area, please reserve a day/time that suits you best using this link, or you may Contact Us for further information.
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
Bribery & Corruption
| 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 one, heavily reliant on its financial sector, which constitutes about 37% of its GDP. The island has a labor force of approximately 86,000 and maintains a low unemployment rate of 5.98%, supported by a stable inflation rate and an independent taxation authority.
Guernsey boasts a favorable investment climate, highlighted by light taxation and the absence of capital gains, inheritance, or value-added taxes, which positions it as an attractive offshore finance center. The island's strong credit rating and issuance of bonds further support its financial stability and growth, while the finance sector has significantly contributed to the economy, generating around 40% of GDP as of 2014.
Buy Full Guernsey Report
$125 one time payment
- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings
