News

Council Regulation (EU) No 2017/1509, as implemented in the Bailiwick by the North Korea (Restrictive Measures) (Guernsey) Ordinance, 2017, the North Korea (Restrictive Measures) (Alderney) Ordinance, 2017, and the North Korea (Restrictive Measures) (Sark) Ordinance, 2017, has been amended by Council Implementing Regulation (EU) No 2018/12. The effect of the amendments, which are automatically and...

HM Treasury has renewed the final designation of two entities under the Terrorist Asset-Freezing etc. Act 2010. The entities therefore remain Designated Persons for the purposes of the Act. Details of the entities are available here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/664724/Notice_PFLP_PFLP-GC_December_2017.pdf Persons who are the subject of a designation...

Please be advised that the United Nations Security Council has deleted one individual from the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. The United Nations Security Council has also updated the details in respect of one individual on the list. All persons on the list are subject to restrictive measures which include...

Council Regulation (EU) 833/2014, as implemented by the Russian Federation (Restrictive Measures) (Guernsey) Ordinance 2014, the Russian Federation (Restrictive Measures) (Alderney) Ordinance 2014 and the Russian Federation (Restrictive Measures) (Sark) Ordinance 2014, has been amended by Council Regulation (EU) No 2017/ 2212. The effect of the amendments, which are automatically effective in the...

Council Regulation (EU) No 377/2012, as implemented in the Bailiwick by the Republic of Guinea-Bissau (Restrictive Measures) (Guernsey) Ordinance, 2012, the Republic of Guinea-Bissau (Restrictive Measures) (Alderney) Ordinance, 2012 and the Republic of Guinea-Bissau (Restrictive Measures) (Sark) Ordinance 2012, has been amended by Council Implementing Regulation (EU) 2018/31. The Implementing...

The Commission has issued an FAQ to those considering investing in Bitcoins or Bitcoin related investments. It can be found here.

To enable the Guernsey Financial Services Commission ("the Commission") to regulate and supervise Pension Schemes and Gratuity Schemes ("Schemes"), the Commission requires 1 relevant Licensees 2 to complete the following regular data returns: With effect from the quarter ending 31 March 2018 the Commission will require the completion of a quarterly scheme return for Schemes within scope of the...

The Commission is today issuing Instruction Number 04/2017 for Financial Services Businesses and Prescribed Businesses replacing Instruction No. 03/2017 issued on 20 July 2017. Changes to instruction 03/2017 include the removal of Uganda and the addition of Sri Lanka, Trinidad and Tobago and Tunisia. Further details in respect of these changes can be found within Part B of the Instructions. The...

Venezuela (Restrictive Measures) (Guernsey) Ordinance, 2017 The Venezuela (Restrictive Measures) (Guernsey) Ordinance, 2017 has been made to give effect to Council Regulation (EU) 2017/2063 concerning restrictive measures in relation to Venezuela. The effect of the Regulation is to introduce export restrictions in respect of arms, surveillance equipment or equipment that could be used for domestic...