News

TERRORISM AND TERRORIST FINANCING The list of persons subject to restrictive measures under Council Regulation 2580/2001 (the EU Regulation) has been amended by Commission Implementing Regulation (EU) No 2016/2373. The effect of the amendments is to add three individuals (the listed persons) to the list, which is set out in the annex to Council Implementing Regulation (EU) 2016/1127. Details of...

This Notice is issued further to a previous Sanctions Notice issued in relation to the addition of an individual to the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267 ( the listed person). Please be advised that a corresponding change has now been made to the list maintained by the European Union under Council Regulation...

Announcement Strategy of the Investment Supervisory and Policy Division in respect of the Fund Sector During 2016 the Guernsey Financial Services Commission launched the Manager Led Product and the Private Investment Fund. This marked an intent by the Commission to respond to international challenges, servicing its mission statement of “Confidence in the Bailiwick: Securing good regulatory...

The Guernsey Financial Services Commission has today issued FAQs on its Private Investment Funds regime and an updated Form PIF, which permits applicants to indicate which regulated activities it wishes to apply for. The updated form can be found here.

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 seven entities from the list of persons subject to financial restrictions under Resolution 1518. Further details about the amendment are...

The United Nations Security Council has added one individual (“the listed person”) 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/2016...

HM Treasury has renewed the final designation of one entity under the Terrorist Asset-Freezing etc. Act 2010. The individual therefore remains a Designated Person for the purposes of the Act. Details of the entity are available here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/576049/TAFA_renewal_Notice_PLFP_2016.pdf Persons who are the subject of a designation under...

Council Regulation (EC) No 36/2012, as implemented by the Syria (Restrictive Measures) (Guernsey) Ordinance, 2012, the Syria (Restrictive Measures) (Alderney) Ordinance, 2012 and the Syria (Restrictive Measures) (Sark) Ordinance, 2012, has been amended by Council Regulation (EU) No 2016/2137. The Regulation is available here: Council Regulation (EU) 2016/2137 The effect of the amendments, which...

Council Regulation (EU) No 329/2007, as implemented in the Bailiwick by the North Korea (Restrictive Measures) (Guernsey) Ordinance, 2007, the North Korea (Restrictive Measures) (Alderney) Ordinance, 2007, and the North Korea (Restrictive Measures) (Sark) Ordinance, 2007, has been amended by Commission Implementing Regulation (EU) No 2016/2215. The Implementing Regulation is available here...