Articles from 2025

The Commission has today published a consultation paper proposing amendments to the Financial Crime Returns Rules (“the FC Returns Rules”) which will make mandatory the filing of periodic returns for accountants, lawyers and estate agents (“prescribed businesses”). This will end the disparity with other sectors where such filings are mandatory. The proposed amendments follow the consultation by...

The Commission has today issued its report on the Thematic Review of Insurance Reserving. In the summer of 2024, the Commission’s Banking and Insurance Division undertook a thematic review of the reserving methodology and practices implemented by licensed general insurers. As part of its thematic review, the Commission sent out questionnaires to 20 licensed firms representing a range of policy...

Please be advised that the following person has been removed from the UK Russia financial sanctions regime and is no longer subject to an asset freeze, travel ban or trust services sanctions: Nikolay Ivanovich Bortsov (Group ID: 14489) The consolidated list has been updated and can be found here . The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK...

Please be advised that the following individuals and entities: ALEVKURP OJSC (Unique ID: BEL0167) Andrei Valerievich ANANENKO (Unique ID: BEL0168) Andrey Mikhailovich TSEDRIK (Unique ID: BEL0169) Igor Vasilyevich KARPENKO (Unique ID: BEL0170) KB Unmanned Helicopters (UAVHeli) (Unique ID: BEL0171) Legmash Plant JSC (Unique ID: BEL0172) Mikhail Petrovitch BEDUNKEVICH (Unique ID: BEL0173) Pavel...

Anyone considering standing in the 2025 Guernsey General Election is invited to a session hosted by the Guernsey Financial Services Commission, Guernsey Finance and the Guernsey International Business Association (GIBA) to learn more about Guernsey as an international finance centre. The Introduction to the Finance Sector for Prospective Deputies session will be held at the Guernsey Financial...

Please be advised that details of the following person: DOMINGO ANTONIO HERNANDEZ LAREZ (GROUP ID: 16733) who has been designated under the Venezuela (Sanctions) Regulations 2019 (the UK regulations), have been amended. They are still subject to an asset freeze. The individuals referred to above appear on the UK’s consolidated list, which can be found here . The UK regulations are given effect...

The following entry has been amended and remains subject to an asset freeze and trust services sanctions: GAZPROM NEFT (GROUP ID: 16736) The following entry has also been amended and remains subject to an investment ban: GAZPROM NEFT (GROUP ID: 13119) The persons/entities referred to above appear on the UK’s consolidated list, which can be found here . The UK regulations are given effect within...

Please be advised the following entry: GAZPROM NEFT (Group ID: 16736) has been corrected to include updated or additional information under the Russia financial sanctions regime and is still subject to an asset freeze and trust services sanctions. The persons/entities referred to above appear on the UK’s consolidated list, which can be found here . The UK regulations are given effect within the...