Sanctions Notice - UK: Global Anti-Corruption Sanctions27th April 2021
Please be advised that the UK has implemented a new sanctions regime; the Global Anti-Corruption Sanctions Regulations 2021 put in place sanctions measures to prevent and combat serious corruption.
These regulations have replaced the Misappropriation (Sanctions) (EU Exit) Regulations 2020 concerning misappropriation of State funds from any country outside the UK.
When designations are made under this regime, they will appear on the consolidated list, which can be found here.
EFFECT IN THE BAILIWICK
These regulations are expected to be implemented in the Bailiwick shortly. In the meantime, please be advised that to facilitate transactions involving individuals or entities designated by the UK under the Global Anti-Corruption regime, or assets owned or controlled, directly or indirectly, by such parties, will almost certainly constitute laundering the proceeds of crime.
Any information or queries should be sent to [email protected] with the subject line “Global Anti-Corruption Sanctions”.
Further information on the effect of asset freezes and related issues including licences is available on the States of Guernsey website at http://www.gov.gg/sanctions