General

Following its consultation in 2014, the Commission today publishes a revised version of the RATS rules. The Commission requests comments on the revised rules as published. The rules will, subject to the absence of fatal flaws in the proposals, come into force on 5th October, 2015. A copy of the rules can be found here. The objective of the 2014 review was to determine whether there were potential...

Please be advised that on 3 September 2015 the United Nations Security Council 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 restrictive measures, including financial sanctions. Further information about the listed person is available...

Council Regulation (EU) No 224/2014, as implemented in the Bailiwick by the Central African Republic (Restrictive Measures) (Guernsey) Ordinance, 2014, the Central African Republic (Restrictive Measures) (Alderney) Ordinance, 2014, and the Central African Republic (Restrictive Measures) (Sark) Ordinance, 2014, has been amended by Commission Implementing Regulation (EU) No 2015/1485. The...

This Notice is issued further to a Sanctions Notice issued last month in relation to the removal of one natural person from the list of persons associated with Al-Qaida maintained under United Nations Security Council Resolution 1267, and changes to the details relating to two other listed persons. Please be advised that corresponding changes have now been made to the list maintained by the...

​On the 27 August 2015 application was made to the Royal Court by The Guernsey Financial Services Commission to wind up MVP Fund Range PCC (“the Fund”) under the Section 410 of The Companies (Guernsey) Law 2008 on the grounds that it is in the public interest.The Commission felt it necessary to take these steps as it is concerned at the illiquid nature of the Fund and in light of the nature of the...

On the 29 May 2015 the Commission released a consultation paper relating to proposals to amend the Bailiwick’s Handbooks for financial services businesses and prescribed businesses on countering financial crime and terrorist financing. The consultation period has closed and the Commission would like to thank everyone who took the opportunity to respond to the paper. The consultation paper proposed...

Please be advised that the United Nations Security Council has amended 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. The details in respect of two individuals on the list have been updated. Further information is available here...

​On 17 August 2015, the Commission made the following Prohibition Orders against Martyn Paul Gordon (Date of Birth 22 July 1972) of La Corniche, La Mine Doree, Rue de la Boullerie, St Andrews, Guernsey, GY6 8XQ: The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000​from 17 August 2015 until 16 August 2029: any function in relation to...

​The Commission is aware that there has been a recent increase in attempts by a criminal group to target local businesses with distributed denial of service attacks. The Guernsey Police have issued the below warning, via the States of Guernsey website, explaining the background to the attacks and detailing the steps that businesses should take to protect their networks from attack: http://www.gov...