Council Regulation (EU) No 267/2012, as implemented in the Bailiwick by the Iran (Restrictive Measures) (Guernsey) Ordinance, 2012, the Iran (Restrictive Measures) (Alderney) Ordinance, 2012 and the Iran (Restrictive Measures) (Sark) Ordinance, 2012, has been amended by Council Implementing Regulation (EU) 2016/1375.
The Implementing Regulation is available here:
The effect of the amendments, which are automatically effective in the Bailiwick, is to update the technical details in relation to some nuclear materials, missile technology and graphite and raw or semi-finished metals that are subject to restrictions.
MEASURES WHICH SHOULD BE TAKEN
All businesses must familiarise themselves with the legislation and check whether they have any kind of relationship that may relate to prohibited activity. They must report any findings to the Policy and Resources Committee immediately. Businesses must also refrain from any form of direct or indirect involvement in transactions that come within the prohibitions other than in respect of transactions that come within a permitted derogation and have been authorised by the Policy and Resources Committee.
The information referred to above is required by the Policy and Resources Committee in the exercise of its powers under the Schedule to each of the Ordinances listed above.
Any information or queries should be sent to [email protected] with the subject line 'Iran'.
Further information on the effect of sanctions and related issues including licences is available on the States of Guernsey website at http://www.gov.gg/sanctions.