News

Sanctions Notice - ISIL (Da’esh) and Al-Qaida Network

24th February 2017
The United Nations Security Council has added four individuals (“the listed persons”) to the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. All persons on the UN list are subject to restrictive measures which include targeted financial sanctions. Further information is available here: https://www.un.org/press/en/2017...

Sanctions Notice - Terrorism and Terrorist Financing

24th February 2017
HM Treasury has renewed the final designation of three individuals under the Terrorist Asset-Freezing etc. Act 2010. The individuals therefore remain Designated Persons for the purposes of the Act. Details of the individuals are available here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/594303/TAFA_renewal_notice_23022017.pdf Persons who are the subject of a...

Sanctions Notice - Iraq

22nd February 2017
United Nations Security Council Resolution 1518, as implemented in the Bailiwick by the Iraq (United Nations Sanctions) Channel Islands Order 2000, has been amended. The effect of the amendment, which is automatically effective in the Bailiwick, is to remove one entity from the list of persons subject to financial restrictions under Resolution 1518. Further details about the amendment are...

Sanctions Notice - ISIL (Da’esh) and Al-Qaida Network

22nd February 2017
This Notice is issued further to a previous Sanctions Notice issued in relation to the amendment of the details concerning four individuals (the listed persons) on the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. Please be advised that a corresponding change has now been made to the list maintained by the European...

Mifid II Update, UK Publication of Feedback to 2015 Consultation on Transposition

22nd February 2017
The Commission would like to draw attention to the recent publication of HMT’s feedback report on its consultation on transposition of MIFID II. https://www.gov.uk/government/consultations/transposition-of-the-markets-in-financial-instruments-directive-ii In particular firms are asked to note the determination of the UK not to implement the branching requirement as outlined in Article 39 of the...

Sanctions Notice - Zimbabwe

21st February 2017
Please be advised that Council Regulation (EC) No 314/2004 has been amended by Council Regulation (EU) No 2016/284. The EC Regulation is implemented in the Bailiwick by the Zimbabwe (Freezing of Funds and Economic Resources) (Guernsey) Ordinance, 2004, the Zimbabwe (Freezing of Funds and Economic Resources) (Alderney ) Ordinance, 2004, the Zimbabwe (Freezing of Funds and Economic Resources) (Sark...

Client Money - Thematic Review 2016

17th February 2017
The Fiduciary Supervision Policy and Innovations Division has published the finding of its 2016 Thematic Review of "Client Money". A copy of the report can be found by clicking on the following link: Client Money - Thematic Review 2016

Sanctions Notice - Afghanistan

17th February 2017
Please be advised that the United Nations Security Council has deleted one individual from the list of persons maintained under United Nations Security Council Resolution 1988. All persons on the list are subject to restrictive measures which include targeted financial sanctions. Further details are available here: https://www.un.org/press/en/2017/sc12721.doc.htm The restrictions under the UN...