Financial Crime

HM Treasury has renewed the final designation in respect of two entities under the Terrorist Asset-Freezing etc. Act 2010. The entities concerned are therefore Designated Persons for the purposes of the Act.  Further details are available here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/484249/TAFA_PFLP_GC_and_PFLP_notice_9.12.15.pdf HM Treasury has also revoked…

This Notice is issued further to previous Sanctions Notices issued in relation to the removal of four individuals from the list of persons associated with Al-Qaida maintained under United Nations Security Council Resolution 1267, the addition of one individual (“the listed person”) to the list and the updating of information in respect of another individual.  Please be advised that…

​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 and Iran.   AL-QAIDA NETWORK Please be advised that the United Nations Security Council has added one individual (“the listed person”) to the list of persons associated with Al-Qaida…

​The Commission has issued annexes to the Handbooks for Financial Services Businesses and Prescribed Businesses on Countering Financial Crime and Terrorist Financing ("the Handbooks") on the use of technology in the customer due diligence process. The changes which have been made to the rules and guidance in the Handbooks provide for the use of technologies such as digital signatures and…

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 Afghanistan and Somalia. AFGHANISTAN Council Regulation (EU) No 753/2011, as implemented by the Afghanistan (Restrictive Measures) (Guernsey) Ordinance, 2011, the Afghanistan (Restrictive Measures) (Alderney)…

The Commission is today issuing Instruction Number 04/2015 for Financial Services Businesses and Prescribed Businesses replacing Instruction No. 03/2015 issued on 16 July 2015.  Ecuador and Sudan have been removed from the list of countries and jurisdictions subject to the Instruction. In addition, Algeria and Iraq have now been added to Part B of the Instruction which lists countries and…

​On 16 November 2015 the Channel Islands Financial Ombudsman's office opened. More information on the Channel Islands Financial Ombudsman can be found here.      

Please be advised that the United Nations Security Council has deleted two individuals from 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 which include targeted financial sanctions.  Further details are available here: http://www.un.org/press/en/2015/sc12118.doc.htm The…

​The Commission has been alerted by the National Fraud Intelligence Bureau to a phishing attack on a U.K. financial institution whereby an email containing a JAR file attachment has been sent in order to socially engineer bank staff into unpacking the compressed file. The email states that it has come from the Office of Foreign Assets Control, part of the Department of the Treasury, with the…

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 Afghanistan and the Al-Qaida Network. Afghanistan Please be advised that the United Nations Security Council has amended the list of persons associated with the Taliban maintained under United Nations Security…