Articles from 2026

The Commission supports innovation and recognises the role Artificial Intelligence (“AI”), in all forms, could play in transforming the way financial services are administered, managed and delivered at all levels. The Commission’s position is to encourage the adoption of various AI tools and new technological developments, such as machine learning, large language models, agentic and generative AI...

Further to the notice issued on 8 January 2026, the Commission wishes to remind licensed and registered firms that as of 9am GMT on Wednesday 28 January 2026, the OFSI Consolidated List of Asset Freeze Targets and its search tool are now closed. It will remain available for reference but will no longer be updated. The UK Sanctions List is now the only source for all UK sanctions designations. No...

Please be advised that details in respect of the following entity: LLC RUSNEFTEGAZ GROUP (Group ID: 17262) which is designated under The Russia (Sanctions) (EU Exit) Regulations 2019 , have been amended to bring the entry in line with the UK Sanctions List. The above entity is still subject to an asset freeze and trust services sanctions and a ppears on the UK sanctions list, which can be found...

Please be advised that the details of the following individual : Houmam JAZAI’IRI (Group ID: 13148) who is designated under the Syria (Sanctions) Regulations 2019 (the UK regulations), have been amended to bring the entry in line with the UK Sanctions List. The person referred to above is still subject to an asset freeze and appears on the UK sanctions list, which can be found here . The UK...

Please be advised that the details of the following entry: Su Gwang KIM (Group ID: 13664) who is designated under the Democratic People’s Republic of Korea (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) have been amended to bring the entry in line with the UK Sanctions List. The person referred to above is still subject to an asset freeze and appears on the UK sanctions list, which...

Please be advised that the details of the following entry: BANK SADERAT IRAN (Group ID: 11185) which is designated under the Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019 (the UK regulations) have been amended to bring the entry in line with the UK Sanctions List. The entity referred to above remains subject to an asset freeze and will appear on the UK sanctions list, which can be found...

We note this judgment from the Court of Appeal which confirms the decision of the Commission’s Senior Decision Maker regarding Mr Hofgren to a considerable extent. Whilst the Royal Court in its judgment dated 21 November 2024, upheld the majority of the Senior Decision Maker’s findings and the sanctions imposed, the Court of Appeal determined that an SDM should be appointed to reassess the overall...

The Commission has become aware of a possible phishing attempt being sent purporting to be from the Commission, using the domain “gfsc.gg.cliopost.com" If you have received such an email from the Commission, please do not reply or click on any links or attachments and instead forward it to [email protected] The Commission sends its emails from the domain ending “ gfsc.gg.” Firms are reminded of the...

The Guernsey Financial Services Commission (the Commission) is pleased to announce the launch of a Trainee Development Programme – a full-time, salaried opportunity designed for school leavers to begin a meaningful career in financial regulation while studying for a Degree in Applied Finance with the University of Exeter. This four-year programme offers successful applicants the chance to earn...