Channel Eye brings you a summary of the regulatory changes across the islands, for the month of March 2026.
- JFSC – Jersey Financial Services Commission
- GFSC – Guernsey Financial Services Commission
- Isle of Man Financial Services Authority
JFSC – Jersey Financial Services Commission
- 31 March 2026 – Industry update: Catch up on our strategy and business plan launch
JFSC published materials from the launch of its 2026-2030 strategy and 2026-2027 business plan. [Read more] - 30 March 2026 – Industry update: Simplified regulation strengthens Jersey’s competitiveness
JFSC outlined Control of Borrowing Order changes taking effect in April to remove some consent requirements and streamline processes. [Read more] - 30 March 2026 – Industry update: New FAQs published to support firms with common authorisation queries
JFSC published Central Authorisations FAQs to help regulated firms find clearer answers to common application and authorisation queries. [Read more] - 26 March 2026 – Industry update: Handbook update on complex structures and criminal background checks
JFSC updated AML/CFT/CPF Handbook sections on complex structures and enhanced criminal background checks, with changes effective from 31 May 2026. [Read more] - 26 March 2026 – Industry update: Consultation launched on civil financial penalty methodology
JFSC launched a consultation on proposed amendments to its civil financial penalty methodology for registered persons. [Read more] - 25 March 2026 – Industry update: Updates to Banking Codes following changes to depositor compensation
JFSC updated Banking Codes to reflect enhancements to the Jersey Bank Depositors Compensation Scheme from 1 April 2026. [Read more] - 23 March 2026 – Industry update: New strategy and business plan focussed on economic growth
JFSC launched its 2026-2030 strategy and 2026-2027 business plan, aligned with Jersey’s financial services competitiveness programme. [Read more] - 18 March 2026 – Industry update: Sanctions amendments now in effect
JFSC highlighted amendments to Jersey’s sanctions law, including ownership and control, information disclosure and reporting obligations. [Read more] - 16 March 2026 – Industry update: Government competitiveness programme
JFSC welcomed Jersey’s competitiveness programme and said its new strategy would support growth through proportionate, risk-based regulation. [Read more] - 13 March 2026 – Public statement: Phil Wilkinson/P Wilkinson International
JFSC warned the public that Phil Wilkinson and P Wilkinson International were not authorised to offer investment or Schedule 2 business in Jersey. [Read more] - 12 March 2026 – Industry update: Consultation launched on updates to our bank licensing policy
JFSC launched a consultation on phase 1 updates to its bank licensing policy to modernise expectations and support growth. [Read more] - 11 March 2026 – Industry update: Read our bitesize feedback for investment businesses on fees and charges
JFSC published bitesize feedback from its review of investment businesses’ controls around fees and charges. [Read more] - 10 March 2026 – Industry update: Changes to Control of Borrowing Order to streamline regulation
JFSC explained forthcoming Control of Borrowing Order changes affecting law firms, fund services businesses, trust companies, investment businesses and non-fund structures. [Read more] - 5 March 2026 – Industry update: Watch: monthly update – March 2026
JFSC published its March monthly update, covering recent publications and forthcoming consultations, feedback and strategy work. [Read more] - 4 March 2026 – Industry update: Read our newsletter for non-profit organisations in Q4 2025
JFSC published its latest newsletter for Jersey non-profit organisations, covering obligations, practical support and questions raised at the annual update. [Read more] - 2 March 2026 – Industry update: Annual frozen assets reporting due by 31 March 2026
JFSC reminded holders of frozen funds or economic resources to submit annual frozen assets reports by 31 March 2026. [Read more]
GFSC – Guernsey Financial Services Commission
- 31 March 2026 – Sanctions: Sanctions Notice – ISIL (Da’esh) and Al-Qaida (UN Resolution 1267)
GFSC issued an ISIL and Al-Qaida sanctions notice following the addition of Hamidah Nabagala to the UN sanctions list. [Read more] - 27 March 2026 – Sanctions: Sanctions Notice – ISIL (Da’esh) and Al Qaida
GFSC issued an ISIL and Al-Qaida sanctions notice confirming UK designations for two individuals. [Read more] - 27 March 2026 – Enforcement: Judgment in the Court of Appeal
GFSC noted a Court of Appeal judgment reinstating a Senior Decision Maker decision to issue a public statement. [Read more] - 27 March 2026 – General: Motor Trade Thematic Review 2025
GFSC published its first Lending, Credit and Finance thematic review report, focused on motor finance compliance. [Read more] - 26 March 2026 – Sanctions: Sanctions Notice – Russia – General Licence
GFSC issued a Russia sanctions notice confirming a replacement general licence under the Bailiwick’s Russia sanctions regime. [Read more] - 26 March 2026 – Sanctions: Sanctions Notice – Global Human Rights
GFSC issued a Global Human Rights sanctions notice covering additions to the UK sanctions list. [Read more] - 18 March 2026 – Investment/Fiduciary: Presentations on conflicts of interest thematic review
GFSC delivered presentations reinforcing findings from its conflicts of interest thematic review in the investment and fiduciary sectors. [Read more] - 18 March 2026 – Sanctions: Sanctions Notice – Russia
GFSC issued a Russia sanctions notice confirming German Belous had been revoked from the UK Russia financial sanctions regime. [Read more] - 18 March 2026 – Sanctions: Sanctions Notice – Russia
GFSC issued a Russia sanctions notice correcting entries for JSC BBR Bank, Transcapitalbank and Fora-Bank. [Read more] - 18 March 2026 – Sanctions: Sanctions Notice – Russia
GFSC issued a Russia sanctions notice varying details for Viacheslav Kantor. [Read more] - 17 March 2026 – Sanctions: Sanctions Notice – Russia
GFSC issued a Russia sanctions notice varying details for Viatcheslav Kantor. [Read more] - 13 March 2026 – General: Investment Statistics Summary
GFSC published fourth-quarter 2025 investment statistics, including Guernsey fund net asset value data. [Read more] - 12 March 2026 – Sanctions: Sanctions Notice – Russia
GFSC issued a Russia sanctions notice varying details for Gulbakhor Ismailova. [Read more] - 12 March 2026 – General: Insurance Industry Fee Reduction for 2027
GFSC said insurance industry fees for 2027 were expected to be discounted following a major enforcement fine. [Read more] - 12 March 2026 – Public Statements/Insurance/Financial Crime: Utmost Worldwide Limited, Mr Leon Steyn and Mr James Alexander Watchorn
GFSC published a public statement on enforcement action concerning Utmost Worldwide Limited and two individuals. [Read more] - 12 March 2026 – Prohibitions: Mr James Watchorn (Date of Birth 17 August 1976) of Le Douit, Saints Bay Road, St Martin, Guernsey, GY4 6ES
GFSC published a prohibition order notice restricting Mr James Watchorn from holding MLRO and MLCO roles for a set period. [Read more] - 11 March 2026 – Sanctions: Sanctions Notice – Taliban (UN Resolution 1988)
GFSC issued a Taliban sanctions notice concerning amendments to UN sanctions list entries. [Read more] - 6 March 2026 – Sanctions: Sanctions Notice – Russia
GFSC issued a Russia sanctions notice varying details for OJSC Keremet Bank. [Read more] - 4 March 2026 – Financial Crime: AML/CFT/CPF Handbook – Appendix I Update
GFSC updated Appendix I of its AML/CFT/CPF Handbook following FATF changes involving Kuwait and Papua New Guinea. [Read more] - 2 March 2026 – Sanctions: Sanctions Notice – Russia
GFSC issued a Russia sanctions notice confirming John Michael Ormerod had been revoked from the UK Russia financial sanctions regime. [Read more] - 2 March 2026 – Sanctions: Sanctions Notice – ISIL (Da’esh) and Al-Qaida
GFSC issued an ISIL and Al-Qaida sanctions notice confirming Al-Nusrah Front for the People of the Levant had been removed from the UK sanctions list. [Read more] - 2 March 2026 – Sanctions: Sanctions Notice – Global Anti-Corruption
GFSC issued a Global Anti-Corruption sanctions notice amending details for Kamlesh Mansukhlal Damji Pattni. [Read more]
Isle of Man Financial Services Authority
- 30 March 2026 – AML/CFT Country Lists update – March 2026
IOMFSA drew attention to AML/CFT Country List updates following FATF changes. [Read more] - 27 March 2026 – Authority Fees 2026/27
IOMFSA confirmed the consolidated Fees Order 2026 would come into operation on 1 April 2026. [Read more] - 25 March 2026 – Plans progressing to modernise pensions framework
IOMFSA published material on progress to modernise the Island’s pensions regulatory framework. [Read more] - 24 March 2026 – DarkForest Limited
IOMFSA issued a notice concerning DarkForest Limited, registered under the Designated Businesses regime. [Read more] - 23 March 2026 – Travel Rule legislative updates come into effect
IOMFSA confirmed legislative amendments to the Isle of Man’s AML/CFT framework relating to the Travel Rule. [Read more] - 23 March 2026 – Deadline approaching for AML/CFT Annual Statistical Returns
IOMFSA reminded firms of the deadline for AML/CFT Annual Statistical Returns and related STRIX access arrangements. [Read more] - 16 March 2026 – Friends Provident International Services Limited
IOMFSA issued a notice concerning Friends Provident International Services Limited and its registration status. [Read more] - 11 March 2026 – Sanctions Update – 11th March 2026
IOMFSA issued a Russia sanctions update following notification from Isle of Man Treasury, Customs and Immigration Division. [Read more] - 10 March 2026 – Proposed update to Travel Rule Code
IOMFSA published information on proposed updates to the Travel Rule Code. [Read more] - 10 March 2026 – Banking Statistical Bulletin
IOMFSA published its latest banking statistical data release for 31 December 2025. [Read more] - 9 March 2026 – Sanctions and Proliferation Financing questionnaires to be reissued
IOMFSA said it planned to reissue sanctions and proliferation financing questionnaires to conclude its data collection work. [Read more] - 9 March 2026 – Fraudulent Emails Purporting to be from the Isle of Man Financial Services Authority
IOMFSA warned about fraudulent emails purporting to come from the Authority. [Read more] - 5 March 2026 – Updated guidance published in relation to Insurance Regulations 2025
IOMFSA updated guidance relating to the Insurance Regulations 2025. [Read more] - 2 March 2026 – Bogus Website – JMS Corporate Services Limited
IOMFSA issued a public warning about a bogus website using the name JMS Corporate Services Limited. [Read more] - 2 March 2026 – Movement in Island’s Deposit Base
IOMFSA published banking data on the movement in the Island’s deposit base as at 31 December 2025. [Read more]
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