Financial Crime

​The Guernsey Financial Services Commission (“Commission”) invites comments on this consultation paper.  The Commission seeks feedback on a number of proposals to amend the Bailiwick’s Handbooks for financial services businesses and prescribed businesses on countering financial crime and terrorist financing.  The Commission recognises that technology is changing traditional methods of…

Council Regulation (EU) No 204/2011, as implemented in the Bailiwick by the Libya (Restrictive Measures) (Guernsey) Ordinance, 2011, the Libya (Restrictive Measures) (Alderney) Ordinance, 2011 and the Libya (Restrictive Measures) (Sark) Ordinance, 2011, has been amended by Council Implementing Regulation (EU) No 2015/814.The Implementing Regulation is available here: Council Implementing…

Council Regulation (EC) No 36/2012, as implemented by the Syria (Restrictive Measures) (Guernsey) Ordinance, 2012, the Syria (Restrictive Measures) (Alderney) Ordinance, 2012 and the Syria (Restrictive Measures) (Sark) Ordinance, 2012, has been amended by Council Implementing Regulation (EU) No 2015/780. The Implementing Regulation is available here…

Council Regulation (EC) No 881/2002, as implemented by the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013, the Al-Qaida (Restrictive Measures) (Alderney) Ordinance, 2013 and the Al-Qaida (Restrictive Measures) (Sark) Ordinance, 2013, has been amended by Council Implementing Regulation (EU) No 2015/769. The Implementing Regulation is available here…

​The South Sudan (Restrictive Measures) (Guernsey) Ordinance, 2015 has been made to give effect to Council Regulation (EU) 2015/735 (“the 2015 Regulation”) concerning restrictive measures in relation to South Sudan. The 2015 Regulation repeals and replaces Council Regulation (EU) No 748/2014 of 10 July 2014 (“the 2014 Regulation”), which was implemented in Guernsey by the South Sudan…

The Commission is today issuing Instruction Number 02/2015 for Financial Services Businesses and Prescribed Businesses, copies of which can be accessed on the FC&A section of the Commission’s website: Instruction No. 02/2015 for Financial Services Businesses and Instruction No. 02/2015 for Prescribed Businesses   15 May 2015

HM Treasury has renewed the final designation in respect of Mohammed KHALED under the Terrorist Asset-Freezing etc. Act 2010.  Mohammed KHALED is therefore a Designated Person for the purposes of the Act.  Further details are available here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/426029/General_Notice_of_Renewal_of_Final_Designation__KHALED_.pdf  Persons who…

This Notice is issued further to a Sanctions Notice issued last week in relation to the addition of one natural person to the list of persons associated with Al-Qaida maintained under United Nations Security Council Resolution 1267.  Please be advised that this person has now been added to the list maintained by the European Union under Council Regulation (EC) No 881/2002 by Commission…

IRAN – HUMAN RIGHTS Council Regulation (EU) 359/2011, as implemented by the Iran (Freezing of Funds) (Guernsey) Ordinance, 2011, the Iran (Freezing of Funds) (Alderney) Ordinance, 2011and the Iran (Freezing of Funds) (Sark) Ordinance, 2011, has been amended by Council Implementing Regulation (EU) No 2015/548 with effect from 8 April 2015.  The Implementing Regulation is available here: Council…

Please be advised that the United Nations Security Council has added the name of 1 natural person (“the listed person”) 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 targeted financial sanctions, a travel ban and the arms embargo. Further information about the listed person is…