The States of Guernsey has today adopted further sanction measures against certain persons, entities and bodies in view of the situation in Ukraine. All financial institutions and other bodies are requested to check their records to ensure they comply.
All financial institutions and other bodies and persons in Guernsey will need to ensure they do not maintain any accounts or otherwise hold any funds or economic resources for the entities and individuals named in the HMT consolidated list. Financial institutions are advised to take a cautious approach to satisfy this sanction regime. The Policy Council is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to [email protected] subject line ‘Ukraine sanctions’.
For more information, please see the States’ media release which can be accessed here: http://www.gov.gg/article/111528/Guernsey-adopts-restrictive-measures-in-view-of-the-situation-in-Ukraine
A copy of The Ukraine (Restrictive Measures) (Guernsey) Ordinance, 2014 can be accessed here: http://www.gov.gg/CHttpHandler.ashx?id=86656&p=0
The list of sanctioned individuals can be found here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/287392/Notice_Ukraine_060314.pdf