News

Mr Iskander Karam

7th February 2024
The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (“the Enforcement Powers Law”) The Protection of Investors (Bailiwick of Guernsey) Law, 2020 (“the 2020 POI Law”) The Protection of Investors (Bailiwick of Guernsey) Law, 1987 (“the 1987 POI Law”) The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law...

Sanctions Notice - Russia

6th February 2024
Please be advised that details in respect of • Oleg Alexandrovich MASHTALYAR (Group ID: 15353) who is currently subject to an asset freeze and trusts services sanctions have been amended. The individual referred to above appears on the UK’s consolidated list, which can be found here . The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes)...

Sanctions Notice - Myanmar

1st February 2024
Please be advised that the following entities – 101ST LIGHT INFANTRY DIVISION (Group ID: 16358) 77TH LIGHT INFANTRY DIVISION (Group ID: 16359) MINING ENTERPRISE 1 (Group ID: 16360) MINING ENTERPRISE 2 (Group ID: 16361) have been added to the list of persons designated under the Myanmar (Sanctions) Regulations 2021 (the UK regulations) and are now subject to an asset freeze. The UK regulations are...

Sanctions Notice - Iran

31st January 2024
Please be advised that an amendment has been made in respect of the following person – • Ali KOCAK (Group ID: 16356) who has been designated under the Iran (Sanctions) Regulations 2023 (the UK regulations). 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 Notice - Russia

31st January 2024
Please be advised that details in respect of • Vladimir Aleksandrovich DMITRIEV (Group ID: 15577) who is currently subject to an asset freeze and trusts services sanctions have been amended. The individual referred to above appears on the UK’s consolidated list, which can be found here . The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes)...

Sanctions Notice - Iran

30th January 2024
Please be advised that the following persons – • Mohammad Reza ANSARI (Group ID: 16351) • Ali ESFANJANI (Group ID: 16352) • Muhammed Abd Al-Razek KANAFANI (Group ID: 16353) • Abdulvahap KOCAK (Group ID: 16355) • Ali KOCAK (Group ID: 16356) • Mohammed Reza NASERZADEH (Group ID: 16354) • Naji Sharifi ZINDASHTI (Group ID: 16357) • ISLAMIC REVOLUTIONARY GUARD CORPS QUDS FORCE (IRGC-QF) UNIT 840 (Group...

Sanctions Notice - Yemen

30th January 2024
Please be advised that the details have been amended in respect of Muhammad Fadl Abd AL-NABI (Group ID: 16349) who has been designated under the Yemen (Sanctions) (EU Exit) (No.2) Regulations 2020 (the UK regulations). 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...

Industry update on the National Strategy and National Risk Assessment

29th January 2024
Last week, more than 500 members of the financial services industry attended an update on the National Strategy and National Risk Assessment (NRA). The Bailiwick’s AML/CFT authorities once again came together to present on how the updated National Risk Assessment, or NRA2, demonstrates our understanding of the Bailiwick’s money laundering, terrorist financing and proliferation financing threats...

Sanctions Notice - Yemen

25th January 2024
Please be advised that the following individuals have been designated under the Yemen (Sanctions) (EU Exit) (No.2) Regulations 2020 (the UK regulations); Mohamed Nasser AL-ATIFI (Group ID: 16346) Muhammad Fadl Abd AL-NABI (Group ID: 16349) Muhammad Ali AL-QADARI (Group ID: 16348) Muhammad Ahmad AL-TALIBI (Group ID: 16347) The UK regulations are given effect within the Bailiwick under the Sanctions...