News

Please be advised that the United Nations Security Council has amended one entry on the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267.  All entities on the list are subject to restrictive measures which include targeted financial sanctions.  Further details are available here: …

Please be advised that the United Nations Security Council has removed one entry from the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267.  All entities on the list are subject to restrictive measures which include targeted financial sanctions.  Further details are available here: …

Council Regulation (EU) No 267/2012, as implemented in the Bailiwick by the Iran (Restrictive Measures) (Guernsey) Ordinance, 2012, the Iran (Restrictive Measures) (Alderney) Ordinance, 2012 and the Iran (Restrictive Measures) (Sark) Ordinance, 2012, has been amended by Council Regulation (EU) No 2019/560.  The amending Regulation is available here:  Council Regulation (EU) 2019/560  The…

Please be advised that five entries on the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained by the European Union under Council Regulation (EC) No 881/2002 have been amended by Council Implementing Regulation (EU) No 2019/555. These changes are automatically effective in the Bailiwick under the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013…

United Nations Security Council Resolution 1518, as implemented in the Bailiwick by the Iraq (United Nations Sanctions) Channel Islands Order 2000, has been amended.  The effect of the amendments, which are automatically effective in the Bailiwick, is to remove thirteen entities from the list of persons and entities subject to financial restrictions under Resolution 1518.   Further details…

Please be advised that one entry has been added to the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained by the European Union under Council Regulation (EC) No 881/2002 by Council Implementing Regulation (EU) No 2019/431. These changes are automatically effective in the Bailiwick under the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013…

Please be advised that the United Nations Security Council has amended six entries on the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267.  All entities on the list are subject to restrictive measures which include targeted financial sanctions.  Further details are available here: …

AML/CFT Framework The Financial Crime Division would like to remind firms that the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) (Amendment) Ordinance, 2018 came into effect on 31 March 2019.  Consequently, Schedules 3, 4 and 5 to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 as amended (“the Law”) have replaced the Criminal Justice (Proceeds of…

The Financial Services Commission (Bailiwick of Guernsey) Law, 1987 (the “Financial Services Commission Law”) The Protection of Investors (Bailiwick of Guernsey) Law, 1987 (the “POI Law”) The Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002 (the “IMII Law”) The Insurance Business (Bailiwick of Guernsey) Law, 2002 (the “Insurance Law”) The…