Channel Eye brings you a summary of the regulatory changes across the islands, for the month of May 2026.
- JFSC – Jersey Financial Services Commission
- GFSC – Guernsey Financial Services Commission
- Isle of Man Financial Services Authority
JFSC – Jersey Financial Services Commission
- 29 May 2026 – News: Fraud warning: Impersonation of bank fraud teams
JFSC warned islanders about fraudsters impersonating bank fraud teams to obtain personal and banking information. [Read more] - 28 May 2026 – Industry update: Upcoming changes to Companies (Jersey) Law 1991 – form and filing updates
JFSC said Registry forms and processes are being updated to reflect Companies Law changes taking effect on 1 June 2026. [Read more] - 28 May 2026 – Industry update: Consultation launched on changes to Pillar 2 and prudential reporting
JFSC launched a consultation on Pillar 2 and prudential reporting requirements as part of its Basel III implementation programme. [Read more] - 26 May 2026 – Industry update: Updated AML/CFT/CPF Handbook and upcoming changes
JFSC published an updated AML/CFT/CPF Handbook and prescribed NPO Handbook, effective from 31 May 2026, with further MLO-related changes signalled. [Read more] - 22 May 2026 – News: Fraud warning: impersonation of HSBC via cold calling
JFSC warned Jersey residents about scammers cold-calling while falsely claiming to be from HSBC. [Read more] - 22 May 2026 – Industry update: Read our Q1 2026 service report
JFSC published its Q1 2026 service report, showing stronger performance across most service areas compared with the same period last year. [Read more] - 21 May 2026 – Industry update: Have your say in our 2026 industry survey
JFSC invited industry feedback through its 2026 survey, run by independent local research company 4insight. [Read more] - 19 May 2026 – Industry update: Basel III update: near-final requirements and feedback published
JFSC published near-final Basel III requirements and feedback following its consultation on large exposures and related prudential rules. [Read more] - 19 May 2026 – Industry update: Annual update: Prescribed non-profit organisations
JFSC published its annual update for prescribed non-profit organisations, covering obligations and supervisory expectations. [Read more] - 11 May 2026 – Industry update: Jersey, GFIN, and the practical future of financial regulation
JFSC reflected on Jersey hosting the Global Financial Innovation Network board meeting and AGM, and on practical innovation in financial regulation. [Read more] - 8 May 2026 – Industry update: Watch: monthly update – May 2026
JFSC published its May monthly update, covering recent publications and planned activity for the month. [Read more] - 6 May 2026 – Industry update: Using questionnaires to support customer complaints thematic examinations
JFSC said it will routinely use questionnaires before onsite visits as part of customer complaints thematic examinations. [Read more] - 1 May 2026 – Industry update: AI in financial services: enabling innovation with confidence
JFSC set out its view on AI in financial services, highlighting innovation, governance, explainability and human oversight. [Read more]
GFSC – Guernsey Financial Services Commission
- 29 May 2026 – Sanctions: Sanctions Notice – Global Irregular Migration Regime
GFSC issued a Global Irregular Migration sanctions notice confirming amended details for several entries on the UK sanctions list. [Read more] - 26 May 2026 – Sanctions: Sanctions Notice – Russia
GFSC issued a Russia sanctions notice confirming new designations under the UK Russia sanctions regime. [Read more] - 22 May 2026 – General: The Guernsey Financial Services Commission welcomes inclusion of Guernsey in UK-Gulf Free Trade Agreement
GFSC welcomed Guernsey’s inclusion in the UK-Gulf Cooperation Council Free Trade Agreement. [Read more] - 22 May 2026 – Sanctions: Sanctions Notice – ISIL (Da’esh) and Al-Qaida
GFSC issued an ISIL and Al-Qaida sanctions notice following removals from the UN sanctions list. [Read more] - 21 May 2026 – Sanctions: Sanctions Notice – Russia
GFSC issued a Russia sanctions notice confirming a correction to the entry for GBU DO RK DOTs Alyye Parusa. [Read more] - 21 May 2026 – Insurance: Guernsey performs well in global peer review of reinsurance and risk transfer
GFSC reported a positive IAIS peer review outcome on Guernsey’s supervisory approach to reinsurance and risk transfer. [Read more] - 15 May 2026 – Sanctions: Sanctions Notice – Russia
GFSC issued a Russia sanctions notice confirming amendments to several designated individuals and entities. [Read more] - 15 May 2026 – Sanctions: Sanctions Notice – Iran (Human Rights)
GFSC issued an Iran human rights sanctions notice confirming amended details for three entries. [Read more] - 15 May 2026 – Sanctions: Sanctions Notice – Russia
GFSC issued a Russia sanctions notice confirming the specification for MILLEROVO had been revoked. [Read more] - 15 May 2026 – Sanctions: Sanctions Notice – Russia
GFSC issued a Russia sanctions notice correcting entries for Pavel Valerevich Nikitin and Dmitriy Evgenievich Shevchenko. [Read more] - 15 May 2026 – Sanctions: Sanctions Notice – Russia
GFSC issued a Russia sanctions notice varying the entry for Yulia Guryeva-Motlokhov. [Read more] - 15 May 2026 – Sanctions: Sanctions Notice – Taliban (UN Resolution 1988)
GFSC issued a Taliban sanctions notice confirming corrections to the entry for Nooruddin Turabi Muhammad Qasim. [Read more] - 14 May 2026 – Public Statements/Enforcement/Fiduciary/Financial Crime: Mr William Stephen Cairns and Mr Du Preez Gert Vermeulen
GFSC published an enforcement public statement concerning Mr William Stephen Cairns and Mr Du Preez Gert Vermeulen. [Read more] - 14 May 2026 – Public Statements/Enforcement/Fiduciary/Financial Crime: Weighbridge Trust Limited, Mr Paul Conway, Mrs Linda Dowding
GFSC published an enforcement public statement concerning Weighbridge Trust Limited, Mr Paul Conway and Mrs Linda Dowding. [Read more] - 11 May 2026 – Sanctions: Sanctions Notice – Iran
GFSC issued an Iran sanctions notice confirming multiple designations under the UK Iran sanctions regime. [Read more] - 11 May 2026 – Sanctions: Sanctions Notice – Russia
GFSC issued a Russia sanctions notice confirming multiple designations under the UK Russia sanctions regime. [Read more] - 8 May 2026 – Financial Crime/Digital Finance: Updates to the AML/CFT/CPF Handbook
GFSC updated the AML/CFT/CPF Handbook after identifying that some revised sections had not been loaded in the earlier publication. [Read more] - 7 May 2026 – Warnings: Stelai Insurance ICC Ltd
GFSC warned that an unauthorised third party was falsely claiming a relationship with Stelai Insurance ICC Ltd. [Read more] - 5 May 2026 – Sanctions: Sanctions Notice – Russia – General Licence
GFSC issued a Russia sanctions notice confirming a general licence under the Bailiwick’s Russia sanctions regime. [Read more] - 5 May 2026 – Enforcement: Mrs Margaret Helen Hannis
GFSC imposed a £22,500 discretionary financial penalty on Mrs Hannis for failure to meet minimum licensing criteria. [Read more] - 5 May 2026 – Financial Crime/Digital Finance: The Commission paves the way for smarter use of technology in compliance
GFSC published a feedback paper and updated Handbook sections to support technology use in financial crime compliance. [Read more] - 5 May 2026 – Sanctions: Sanctions Notice – Global Irregular Migration
GFSC issued a Global Irregular Migration sanctions notice confirming designations under the UK regime. [Read more] - 5 May 2026 – Sanctions: Sanctions Notice – Russia
GFSC issued a Russia sanctions notice confirming several designations under the UK Russia sanctions regime. [Read more]
Isle of Man Financial Services Authority
- 28 May 2026 – Authority publishes new Beneficial Ownership guidance
IOMFSA published new Beneficial Ownership guidance following approval of secondary legislation at the May sitting of Tynwald. [Read more] - 21 May 2026 – May 2026 edition of AML Focus newsletter published
IOMFSA published its May AML Focus newsletter, including updates on the National Risk Assessment and MONEYVAL preparations. [Read more] - 18 May 2026 – Sanctions Update – 18th May 2026
IOMFSA issued a sanctions update covering legal services fees general licence matters and Russia sanctions list changes. [Read more] - 18 May 2026 – Canaccord Asset Management (International) Limited
IOMFSA issued a notice concerning Canaccord Asset Management (International) Limited. [Read more] - 15 May 2026 – Notifications to alert Island firms to sanctions changes
IOMFSA introduced email notifications to raise awareness of sanctions updates that may affect firms’ customers or business relationships. [Read more] - 13 May 2026 – Presentation highlights the importance of risk assessments
IOMFSA published a presentation highlighting money laundering, terrorist financing and proliferation financing risk assessment themes. [Read more] - 8 May 2026 – Oliver Ottey – fraudulent correspondence
IOMFSA warned the public about fraudulent correspondence linked to the name Oliver Ottey. [Read more] - 7 May 2026 – Presentation highlights key themes regarding Proliferation Financing and Targeted Financial Sanctions Risks
IOMFSA published a presentation on proliferation financing and targeted financial sanctions risk themes. [Read more] - 6 May 2026 – Sanctions Update – 6th May 2026
IOMFSA issued a sanctions update covering Russia and Global Irregular Migration list changes. [Read more] - 5 May 2026 – Bill to strengthen pension law passed by House of Keys
IOMFSA said pensions amendment legislation had completed its third reading in the House of Keys and would proceed to the Legislative Council. [Read more] - 5 May 2026 – Consultation launched on ‘legitimate interest’ access to beneficial ownership information
IOMFSA announced a consultation seeking views on proposals for legitimate interest access to beneficial ownership information. [Read more] - 5 May 2026 – Authority issues guidance and outreach survey
IOMFSA issued guidance and launched a survey to gather feedback on its outreach activity. [Read more] - 1 May 2026 – Sanctions Update – 01 May 2026
IOMFSA issued a sanctions update covering Afghanistan, Global Human Rights, Syria regime changes and Russia. [Read more]
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