GFSC issues instruction NO9

on March 9th the GFSC advsied Financial services businesses that they must exercise a greater degree of caution when taking on business from the countries or territories specified in its Instruction (listed below). Additionally, financial services businesses must ensure enhanced customer due diligence measures are undertaken and special attention given to all existing and new business relationships and transactions connected with such countries or territories. The action taken by each financial services business under this Instruction will be reviewed during on-site inspections and by other means as necessary.