Banking

Please be advised that there have been a number of developments in relation to the Bailiwick's sanctions regime which are set out below. These developments concern sanctions relating to Libya and ISIL (Da’esh) and the Al-Qaida Network. LIBYA Council Regulation (EU) No 2016/44, as implemented by the Libya (Restrictive Measures) (Guernsey) Ordinance, 2016, has been amended by Council Implementing...

Please be advised that there have been a number of developments in relation to the Bailiwick's sanctions regime which are set out below. These developments concern sanctions relating to the Russian Federation, together with ISIL (Da’esh) and the Al-Qaida Network. RUSSIAN FEDERATION EU officials have issued a warning to EU banks about the first issuance of sovereign bonds by the Russian Federation...

​Please be advised that there have been a number of developments in relation to the Bailiwick's sanctions regime which are set out below. These developments concern sanctions relating to ISIL (Da’esh) and Al-Qaida Network, Ukraine and Central African Republic. ISIL (DA’ESH) AND AL-QAIDA NETWORK Amendments have been made to the Al-Qaida sanctions regime under Council Regulation (EC) No 881/2002 by...

The Commission is today issuing Instruction Number 01/2016 for Financial Services Businesses and Prescribed Businesses replacing Instruction No. 04/2015 issued on 19 November 2015.Myanmar has now been added to Part B of the Instruction which lists countries and territories with improving Global AML/CFT Compliance. This means that financial services businesses and prescribed businesses may apply a...

Please be advised that there have been a number of developments in relation to the Bailiwick's sanctions regime which are set out below. These developments concern sanctions relating to North Korea and Ukraine. NORTH KOREA Council Regulation (EC) No 329/2007, as implemented in the Bailiwick by the North Korea (Restrictive Measures) (Guernsey) Ordinance, 2007, the North Korea (Restrictive Measures)...

This Notice is issued further to a recent Sanctions Notices issued in relation to the addition of eleven individuals and one entity to the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267 ( the listed persons). Please be advised that corresponding changes have now been made to the list maintained by the European Union under...

Please be advised that there have been a number of developments in relation to the Bailiwick's sanctions regime which are set out below. These developments concern sanctions relating to: Belarus; ISIL (Da’esh) and Al-Qaida Network; and Terrorism and Terrorist Financing. BELARUS Council Regulation (EC) No 765/2006, as implemented in the Bailiwick by the Belarus (Freezing of Funds) (Guernsey)...

The Commission has published regulatory guidance impressing on firms their need to take their responsibilities in respect of cyber security seriously and reminding them of their obligation to report serious or significant incidents to the Commission. The guidance can be found under the Legislation & Guidance sections of the website: Guidance Note on Cyber Security.pdf .

Please be advised that the United Nations Security Council has amended the details in respect of five individuals (“the listed persons”) on the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. All persons on the list are subject to restrictive measures which include targeted financial sanctions. Further details are...