News

Articles from 2019

Sanctions Notice - Financing of Proliferation of Weapons of Mass Destruction

31st December 2019
Please be advised that the Policy & Resources Committee has added further information to the States of Guernsey website in relation to countering the financing the proliferation of weapons of mass destruction.This information can be found in the outreach sections of the pages on the sanctions frameworks for “Iran – nuclear proliferation” and “North Korea” and includes a link to a range of...

Changes to the Online Submissions ('OS') Portal & Personal Questionnaire ('PQ') Portal

16th December 2019
Form upgradesFurther to our previous news article regarding the forthcoming changes to the forms on the OS and PQ Portals, the following forms are now available in the new format:126a - Fiduciary - Pension Scheme or Gratuity Scheme Quarterly Return132 - Insurance Manager Annual Return145 - Investment Quarterly Return200 - Other Notification220 – Outsourcing226 - Surrender RegistrationIt should be...

Iceland

28th November 2019
The Commission has today removed Iceland from Appendix C (Equivalent Jurisdictions) of the Handbook on Countering Financial Crime and Terrorist Financing and issued an instruction for all specified business to ensure that full customer due diligence has been applied to all existing business relationships connected to Iceland by 31 January 2020. This action follows the Financial Action Task Force’s...

SANCTIONS NOTICE - ISIL (DA’ESH) AND AL-QAIDA NETWORK

27th November 2019
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 2016/1686 by Council Implementing Regulation (EU) No 2019/1943. These changes are automatically effective in the Bailiwick under the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013, the Al...

Sanctions Notice - ISIL (Da'esh) and Al-Qaida Network

12th November 2019
Please be advised that one entry has been removed from 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 Commission Implementing Regulation (EU) No 2019/1883. These changes are automatically effective in the Bailiwick under the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013, the...

Sanctions Notice - Venezuela

12th November 2019
Council Regulation (EU) No 2017/2063, as implemented in the Bailiwick by the Venezuela (Restrictive Measures) (Guernsey) Ordinance, 2017, has been amended by Council Implementing Regulation (EU) No 2019/1891. The effect of the amendments, which are automatically and immediately effective in Guernsey, is to amend the listings of eight persons on the list of persons subject to an asset freeze and...

Sanctions Notice - Sanctions (Bailiwick of Guernsey) Law, 2018

12th November 2019
Information on the Sanctions (Bailiwick of Guernsey) Law, 2018 is available on the States of Guernsey website. The Policy & Resources Committee has also issued: an advisory memorandum giving details of the scope and effect of this legislation, guidance on reporting obligations under the law. Links to these can be found on the States of Guernsey website at www.gov.gg/sanctions. The advisory...

Sanctions Notice - Nicaragua

12th November 2019
Nicaragua (Restrictive Measures) (Bailiwick of Guernsey) Regulations, 2019 On 14 October 2019, in response to concern about the situation in Nicaragua, the EU published Council Regulation (EU) 2019/1716. This sets out restrictive measures comprising an asset freeze and other financial restrictions on listed persons that are responsible for serious human rights violations or abuses or for the...

Sanctions Notice - The Republic of Maldives

12th November 2019
The Republic of Maldives (Repeal of Restrictive Measures) (Guernsey and Sark) Regulations, 2019 On 16 July 2018, in response to concern about the situation in the Republic of Maldives (the Maldives), the EU published Council Regulation (EU) 2018/1001, setting out restrictive measures. This has been given domestic effect by Ordinance. The European Union has repealed those measures following its...