Articles from 2023

The Financial Services Commission (Bailiwick of Guernsey) Law, 1987 (the “Financial Services Commission Law”); The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 as amended (“the Regulations”). The Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing (“the Handbook”). The Principles of the...

Please be advised that an amendment has been made to the details in respect of Roman Nikolaevich Lepa who is currently designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) and remains subject to an asset freeze. The revised entry in respect of the individual referred to above appears on the consolidated list, which can be found here . The UK regulations are given...

Please be advised that an amendment has been made to the details in respect of Damascus Cham Holding which is currently designated under the Syria (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) and remains subject to an asset freeze. The revised entry appears on the consolidated list, which can be found here . The UK regulations are given effect within the Bailiwick under the...

Please be advised that a correction has been made to the details in respect of Zvonko Veselinovic who is currently designated under the Global Anti-Corruption Sanctions Regulations 2021 (the UK regulations) and remains subject to an asset freeze. The revised entry appears on the consolidated list, which can be found here . The UK regulations are given effect within the Bailiwick under the...

Please be advised that an amendment has been made in respect of SS TECHNIQUES COMPANY LIMITED which is currently designated under the Myanmar (Sanctions) (EU Exit) Regulations 2021 (the UK regulations) and which remains subject to an asset freeze. The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations...

Please be advised that the United Nations Security Council Committee has added the following individuals to the ISIL (Da'esh) and Al-Qaida Organisations financial sanctions regime - Maulawi Rajab Sultan Aziz Azam Further details about these individuals is available here: Security Council ISIL (Da’esh) and Al-Qaida Sanctions Committee Adds Two Entries to Its Sanctions List | UN Press The effect of...

Further to the most recent sanctions notice issued in relation to Iran (Human Rights) it has emerged that there may be an alternative spelling of one of the names specified in the notice. The name on the list issued by the UK’s Foreign Commonwealth and Development Office and therefore in the sanctions notice is - Habib SHAHSAVIRA The name on the list issued by the UK’s Office of Financial...

We are preparing to ask the Guernsey Court of Appeal to review legal aspects of the judgment handed down in this matter on 18 April 2023 because some of the reasoning and interpretation of the law contained in the judgment does not align with our understanding of our statutory duties and powers - as endorsed by the Royal Court and Guernsey Court of Appeal in prior judgments concerning appeals...