Banking

Council Regulation (EU) No 208/2014, as implemented in the Bailiwick by the Ukraine (Restrictive Measures) (Guernsey) Ordinance, 2015, the Ukraine (Restrictive Measures) (Alderney) Ordinance, 2015, and the Ukraine (Restrictive Measures) (Sark) Ordinance, 2015, has been amended by Council Implementing Regulation (EU) No 2015/1777. The Implementing Regulation is available here: 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 Al-Qaida Network: Al-Qaida Network This Notice is issued further to previous Sanctions Notices issued in relation to the removal of one natural person from the list of persons associated with Al-Qaida...

Council Decision 2014/512/CFSP (EU) No 1352/2014, as implemented in the Bailiwick by the Russian Federation (Restrictive Measures) (Guernsey) Ordinance 2014, the Russian Federation (Restrictive Measures) (Alderney) Ordinance 2014 and the Russian Federation (Restrictive Measures) (Sark) Ordinance 2014 has been amended by Council Decision (CFSP) 2015/1764. The amending Decision is available here...

On the 18 September 2015, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) issued an updated public statement in respect of Bosnia & Herzegovina. The statement confirmed that MONEYVAL was satisfied that sufficient changes had been made to its AML/CFT legislation to merit removal of its request to members that their financial...

​Guidance on the annual Financial Crime Risk Return and a copy of the online return form are now available on the Commission’s website. The Commission has introduced this return as a means of obtaining, on a consistent and regular basis, information and data from all licensed and registered firms (including licensed individuals) subject to the requirements of the Handbooks about their business...

Please be advised that on 29 September 2015 the United Nations Security Council added 4 individuals and 2 entities (“the listed persons”) to the list of persons associated with Al-Qaida maintained under United Nations Security Council Resolution 1267. All persons on the list are subject to restrictive measures including financial sanctions. Further information about the listed person is available...

​Please be advised that the guidance previously issued by the European Commission on prohibitions and authorisations in respect of exports and related financial assistance under the EU’s sanctions against the Russian Federation has been updated. The EU sanctions against the Russian Federation have been implemented in the Bailiwick by the Russian Federation (Restrictive Measures) (Guernsey)...

​The Channel Islands Financial Ombudsman has published Consultation Paper 3 on a model complaint-handling procedure for financial services providers. This can be found at https://www.ci-fo.org/cifo-consultations.

​Council Regulation (EU) 269/2014, as implemented by the Territorial Integrity etc. of Ukraine (Restrictive Measures) (Guernsey) Ordinance 2014, the Territorial Integrity etc. of Ukraine (Restrictive Measures) (Alderney) Ordinance 2014 and the Territorial Integrity etc. of Ukraine (Restrictive Measures) (Sark ) Ordinance 2014, has been amended by Council Implementing Regulation (EU) No 2015/ 1514...