Financial Crime

​Please be advised of the following changes to sanctions listings related to Crimea and Sevastopol as well as to the territorial integrity of the Ukraine. These measures have immediate effect in the Bailiwick. CRIMEA AND SEVASTOPOL Council Regulation (EU) No 692/2014 of 23rd June 2014, as implemented by the Crimea and Sevastopol (Restrictive Measures) (Guernsey) Ordinance, 2014 has been amended by...

​The Commission is today issuing Instruction 03/2014 for both financial services businesses and prescribed businesses. The instruction has been issued as a result of amendments made to the sanctions measures against Afghanistan and Al-Qaida to impose a reporting requirement on businesses. The existing Handbooks are in the course of being reviewed and therefore to minimise the impact, and to avoid...

Please be advised of the amendments to the sanctions measures in place regarding Sudan and South Sudan have been made by the Legislation Select Committee. These amendments, which have direct effect, are as follows: Two EU Regulations have been implemented to provide clarity in relation to the sanctions it imposed in 2004 on Sudan by (a) recognising that Sudan and South Sudan are now separate...

Please be advised of the amendment to the sanctions measures in place regarding Afghanistan has been made by the Legislation Select Committee. This amendments, which has direct effect, is as follows: The Afghanistan (Restrictive Measures) (Guernsey) Ordinance, 2011 has been amended to impose a reporting requirement on financial services businesses. This requires all financial institutions and...

Please be advised of the following change to sanctions listings related to terrorist financing, which has immediate effect in the Bailiwick. On 23 July 2014 the Council of the European Union announced that it has reviewed the list of persons designated under Council Regulation (EC) No 881/2002. These designations have direct effect in the Bailiwick as designations under section 1 of the Terrorist...

Please be advised of the following change to sanctions listings related to terrorist financing, which has immediate effect in the Bailiwick. On 23 July 2014 the Council of the European Union announced that it has reviewed the list of persons designated under Council Regulation (EC) No 881/2002. These designations have direct effect in the Bailiwick as designations under section 1 of the Terrorist...

​Ukraine Please be advised of the following changes to sanctions listings relating to the territorial integrity etc. of Ukraine, which have immediate effect in the Bailiwick. Council Regulation (EU) No 269/2014 of 17 March 2014, as implemented in the Bailiwick by the Territorial Integrity etc. (Ukraine) (Restrictive Measures) (Guernsey) Ordinance, 2014, the Territorial Integrity etc. (Ukraine)...

Crimea and Sevastopol In response to the annexation of Crimea and Sevastopol to the Russian Federation, the European Union has enacted Council Regulation (EU) No 692/2014 of 23rd June 2014. The EU Regulation has been implemented in Guernsey by the Crimea and Sevastopol (Restrictive Measures) (Guernsey) Ordinance which is in force from 10th July 2014. Its effect is to prohibit the importation of...

​Belarus Please be advised that Council Regulation (EC) 765/2006 of 18 May 2006, as implemented in the Bailiwick by the Belarus (Freezing of Funds) (Guernsey) Ordinance, 2006, the Belarus (Freezing of Funds) (Alderney) Ordinance, 2006 and the Belarus (Freezing of Funds) (Sark) Ordinance, 2006 has been amended by Commission Implementing Regulation (EU) 740/2014. The effect of the amendments is: The...