On the 10th April the Commission advised that it noted that the Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) (Amendment) Regulations, 2013 have resulted in an inaccurate cross-reference in regulation 5(1)(d) of the regulations being amended.  In regulation 5(1)(d) the reference to regulation 3(1)(c) should now be to regulation 3(2)(a).
 
The making of the Criminal Justice (Proceeds of Crime) (Legal Professionals, Accountants and Estate Agents) (Bailiwick of Guernsey) (Amendment) Regulations, 2013 has led to a similar inaccuracy in regulation 5(1)(c) of the regulation being amended.  In regulation 5(1)(c) the reference to regulation 3(1)(c) should now be to regulation 3(2)(a).
 
For the purposes of clarity the Commission will seek a further revision to the regulations as soon as possible.

On the 23rd April the Commission advised that the Policy Council has made the  Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) (Amendment) (No 2) Regulations, 2013 and the  Criminal Justice (Proceeds of Crime) (Legal Professionals, Accountants and Estate Agents) (Bailiwick of Guernsey) (Amendment) (No 2) Regulations, 2013.  These regulations revise cross references in Regulations 5 of the principal regulations.

Corresponding amendments have been made in the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing and the Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime and Terrorist Financing, together with some minor reformatting and clarifications, which are indicated in coloured text in the following versions:

•  The Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing can be found here.
• The Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime and Terrorist Financing can be found here.

http://www.gfsc.gg/AML-CFT/News%5CPages/Revisions-to-the-AMLCFT-Legislation-and-Handbooks.aspx