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Council Regulation (EC) 314/2004, as implemented by the Zimbabwe (Freezing of Funds and Economic Resources) (Guernsey) Ordinance, 2004, the Zimbabwe (Freezing of Funds and Economic Resources) (Alderney) Ordinance, 2004 and the Zimbabwe (Freezing of Funds and Economic Resources) (Sark) Ordinance, 2004, has been amended by Council Implementing Regulation (EU) No 2015/275 with effect from 20 February...

​Council Regulation (EC) 881/2002, as implemented by the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013, the Al-Qaida (Restrictive Measures) (Alderney) Ordinance, 2013 and the Al-Qaida (Restrictive Measures) (Sark) Ordinance, 2013, has been amended by Council Implementing Regulation (EU) No 2015/274 with effect from 20 February 2015. The Implementing Regulation is available here: http...

Council Regulation (EU) 267/2012, as implemented by the Iran (Restrictive Measures) (Guernsey) Ordinance, 2012, the Iran (Restrictive Measures) (Alderney) Ordinance, 2012, and the Iran (Restrictive Measures) (Sark) Ordinance, 2012, has been amended by Council Implementing Regulation (EU) No 2015/230 with effect from 14 February 2015. The Implementing Regulation is available here: http://eur-lex...

​HM Treasury has renewed the final designation in respect of EUZKADI TA ASKATASUNA (ETA) under the Terrorist Asset-Freezing etc. Act 2010, with effect from 13 February 2015. EUZKADI TA ASKATASUNA (ETA) therefore remains a Designated Person for the purposes of the Act. HM Treasury has also made amendments to the information held on the consolidated list in respect of HIZBALLAH MILITARY WING, which...

Council Regulation (EU) 269/2014, as implemented by the Territorial Integrity etc. of Ukraine (Restrictive Measures) (Guernsey) Ordinance 2014, the Territorial Integrity etc. of Ukraine (Restrictive Measures) (Alderney) Ordinance 2014 and the Territorial Integrity etc. of Ukraine (Restrictive Measures) (Sark) Ordinance 2014, has been amended by Council Implementing Regulation (EU) No 2015/240 with...

​TERRORISM AND TERRORIST FINANCING HM Treasury has renewed two final designations under the Terrorist Asset-Freezing etc. Act 2010. The first renewal is in respect of Parviz KHAN and is effective from 8 February 2015. The second renewal is in respect of HIZBALLAH MILITARY WING and is effective from 9 February 2015. Parviz KHAN and HIZBALLAH MILITARY WING therefore remain Designated Persons for the...

As part of its ongoing programme of expansion of its coverage of its network of supervisory and regulatory cooperation agreements, the Commission has recently signed a Memorandum of Understanding (“MoU”) with the Commission de Surveillance du Secteur Financier of Luxembourg (“CSSF”), which provides a framework for enhanced cooperation between the two supervisory authorities. The MoU has been...

​The Commission is today issuing a formal consultation paper seeking feedback from the financial services industry on a number of proposals to amend the Bailiwick’s supervisory and regulatory laws. Its primary purpose is to facilitate discussion between the Commission, government and industry on the best way to update the current legislative framework ensuring that it is as user-friendly as...

AL-QAIDA The Al-Qaida regime under EU Council Regulation 881/2002 as amended is implemented in the Bailiwick by the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013, the Al-Qaida (Restrictive Measures) (Alderney) Ordinance, 2013, and the Al-Qaida (Restrictive Measures) (Sark) Ordinance, 2013. By Commission Implementing Regulation 2015/167, with effect from 4th February four individuals...