News

Please be advised that the following individuals/entities have been designated under the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019 (the UK regulations): Kieran James Gallagher (Unique ID: CTD009) New Irish Republican Army (Unique ID: CTD0010) The individuals/entities referred to above are subject to a full asset freeze and will appear on the UK sanctions list, which can be found...

Earlier this year, the Guernsey Financial Services Commission (“the Commission”) published a survey inviting members of the public to share their experiences with regard to motor finance following the implementation of the Lending, Credit and Finance Law on 1 July 2023. Respondents of the survey were given the opportunity to nominate a charity of their choice to receive a small donation from the...

In May, the Guernsey Financial Services Commission (“the Commission”) announced a new partnership in financial literacy with EDUCFI, the French National Financial Literacy Strategy operated by Banque de France, the French central bank. This collaboration aims to promote financial literacy by providing clear, unbiased and high quality educational resources to help the local community better...

Please be advised that the details of the following individual designated under the Iran (Sanctions) Regulations 2023 (the UK regulations) have been amended : Name OFSI ID Unique ID Ali Aliakbar Ansari 17215 IRN0254 The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 that have been made under...

Please be advised that the following individual has been designated under the Iran (Sanctions) Regulations 2023 (the UK regulations) : Name OFSI ID Unique ID Aliakbar Ansari 17215 IRN0254 The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 that have been made under the Sanctions (Bailiwick of...

The Commission has today updated the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) to remove South Africa from the Appendix I list of higher risk jurisdictions. This is following the Financial Action Task Force’s (“FATF”) decision to remove it from its list of jurisdictions under increased monitoring. FATF has also removed Burkina Faso, Mozambique, and Nigeria from its list...

Larem Trustees Limited holds a secondary fiduciary licence and is regulated by the Guernsey Financial Services Commission. PraxisIFM Trust Limited is its parent company and holds the primary fiduciary licence. It has been noted that criminals have been using Larem Trustees Limited’s details in an attempt to commit fraud. The fraud scheme has included the setting up of a false website in the name...

Please be advised that details in respect of the following individuals, who have been designated under The Russia (Sanctions) (EU Exit) Regulations 2019 , have been amended: Aleksandr Aleksandrovich SHULGIN (OFSI ID: 15272) Alisher USMANOV (OFSI ID: 14210) USM Holdings Limited (OFSI ID: 15877) Mihajlo PERENČEVIĆ (OFSI ID: 15424) Namina DADASHOVA (OFSI ID: 17173) The above individuals are still...

Please be advised that the Security Council Committee pursuant to resolutions 1267 (1999), 1989 (2011) and 2253 (2015) concerning ISIL (Da'esh) and Al-Qaida has enacted an amendment to its sanctions list in relation to the following individual: Abd El Kader Mahmoud Mohamed EL SAYED (QDi.065) The United Nations Security Council Consolidated List has been updated and is accessible here. Changes to...