Financial Crime

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…

Council Regulation (EC) 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 2015/532 with effect from 30 March 2015. The Implementing Regulation is available here…

​The list of persons designated under Council Regulation (EC) 2580/2001 has been updated by Council Implementing Regulation (EU) No 2015/513 with effect from 27 March 2015.  Existing designations in respect of 10 individuals and 23 entities have been renewed, and designations in respect of two other entities have been removed.  The entities whose designations have been removed are: Al-Takfir…

The Commission has today amended Appendix C to the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing and the Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime and Terrorist Financing. The Commission has added Hungary and Slovenia to the list of countries or territories whose regulated financial services…

​The Commission has launched a new section on its website dedicated to providing important guidance and information for consumers.Amongst the issues that are tackled are warnings about the latest scams and guidance on how to recognise and report them. There is also information about opening, closing and switching bank accounts, things to bear in mind when considering taking out a loan or an…

​The Commission is today issuing Instruction Number 01/2015 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. 01/2015 for Financial Services Businesses and Instruction No. 01/2015 for Prescribed Businesses