The United Nations has imposed general measures regarding terrorism and more specifically regarding Al-Qaida and the Taliban. These measures have been implemented in Guernsey by the Terrorist Asset-Freezing (Bailiwick of Guernsey) Law, 2011 and the Al-Qaida and Taliban (Freezing of Funds)
(Guernsey) Ordinance, 2011. The full text is available through the links below.
Further information is available here
The United Nations and the European Union have also each imposed sanctions against specified countries and/or those who are or were involved in their government. Any person or body considering entering into any form of financial or other type of business relationship that is in any way connected with the countries or subjects referred to in those sanctions must exercise great caution and closely consider the details contained within the sanctions orders and associated local enactments.
Many of the sanctions prohibit the provision of financial services or assistance to named individuals or entities.
The UN Sanctions Committee list can be accessed here.
A consolidated list of asset freeze targets designated by the United Nations, European Union and United Kingdom under legislation relating to current financial sanctions regimes may be found in the financial sanctions section of the HM Treasury website at:
The Treasury's Asset Freezing Unit offers a free subscription facility for notification by e-mail when a Financial Sanctions-related release is published on their website and the consolidated list of targets is updated. To subscribe send an email from the email address to be subscribed to AFUsubscribe@hmtreasury.gsi.gov.uk
with the words SUBSCRIBE SANCTIONS
in the subject field. Please provide your name, company name, address and telephone number as appropriate.
Copies of Statutory Instruments (SI’s), which apply in the Bailiwick, regarding sanctions may be obtained from the Office of Public Sector Information (OPSI) website which lists all draft and current UK SI’s passed since 1987:
The Foreign and Commonwealth Office (FCO) website contains a page which lists all current UK Export Controls and Sanctions in force. This can be accessed through the “Business and Trade” section of the FCO website. The FCO website also contains a link to the OPSI, UN and EU websites enabling the searching of these sites for current UK, UN and EU sanctions and trade embargoes.
Guernsey's Sanctions Regime
The States of Guernsey website provides details of sanctions, these can be found using the following link:
It should be noted that any breach of sanctions may result in criminal prosecution and the imposition of a lengthy prison sentence and /or a heavy fine. If in doubt as to your position in relation to sanctions you should take professional legal advice.