Articles from 2019

Nominated Officers - PQ Portal The Commission has ceased to require notice of any changes to a firm’s Nominated Officers from today. Any person who has taken up a Nominated Officer appointment or ceased to hold such an appointment from 28 February 2019 is no longer required to complete an Online PQ or an Online Appointment. However, firms are reminded that they must continue to inform the...

Council Regulation (EU) No 753/2011, as implemented by the Afghanistan (Restrictive Measures) (Guernsey) Ordinance, 2011, the Afghanistan (Restrictive Measures) (Alderney) Ordinance, 2011 and the Afghanistan (Restrictive Measures) (Sark) Ordinance, 2011, has been amended by Council Implementing Regulation (EU) No 2019/279. The amendment gives effect to a recent change to the list maintained under...

Council Regulation (EC) No 314/2004 has been amended by Commission Implementing Regulation (EU) 2019/283. The EC Regulation is implemented in the Bailiwick by the Zimbabwe (Freezing of Funds and Economic Resources) (Guernsey) Ordinance, 2004; the Zimbabwe (Freezing of Funds and Economic Resources) (Alderney) Ordinance, 2004; the Zimbabwe (Freezing of Funds and Economic Resources) (Sark) Ordinance...

Council Regulation (EC) No 314/2004 has been amended by Council Regulation (EU) 2019/278. The EC Regulation is implemented in the Bailiwick by the Zimbabwe (Freezing of Funds and Economic Resources) (Guernsey) Ordinance, 2004; the Zimbabwe (Freezing of Funds and Economic Resources) (Alderney) Ordinance, 2004; the Zimbabwe (Freezing of Funds and Economic Resources) (Sark) Ordinance, 2004; the...

Please be advised that one individuals 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 2019/270. These changes are automatically effective in the Bailiwick under the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013, the...

This Notice is issued further to the previous Sanctions Notice issued in relation to the amendment of an entry on the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. Please be advised that four individuals have been removed from the list of individuals and entities associated with ISIL (Da’esh) and Al...

Please be advised that the United Nations Security Council has removed four entries 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: https://www.un.org/press...

The Guernsey Financial Services Commission (“GFSC”) announced on 7 August 2018 its participation in the Global Financial Innovation Network (“GFIN”) ( link to news story) and today GFIN has published two documents: 1) A Press Release confirming the GFIN’s functions and the opening of a 1-month application window for Cross-Border testing 2) GFIN’s Terms of Reference for Membership and Governance...

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 eight entities from the list of persons and entities subject to financial restrictions under Resolution 1518. Further details about the...