News

​As previously advised, a number of persons associated with extremist groups in Iraq and Syria have been added to the Al-Qaida Sanctions List maintained under United Nations Security Council Resolution 1267. A corresponding list is maintained by the European Union under Council Regulation (EC) No 881/2002, which has been implemented in the Bailiwick under the Al-Qaida (Restrictive Measures)...

​TERRORISM AND TERRORIST FINANCING HM Treasury has renewed the final designation in respect of Khalid, Sheikh, MOHAMMED under the Terrorist Asset-Freezing etc. Act 2010. Khalid, Sheikh, MOHAMMED is therefore 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 Mohammed, Fawaz, KHALED, who is also a...

TERRORISM AND TERRORIST FINANCING HM Treasury has renewed the final designation in respect of Nabeel HUSSAIN under the Terrorist Asset-Freezing etc. Act 2010. Nabeel HUSSAIN is therefore a Designated Person for the purposes of the Act. Persons who are the subject of a designation under and within the meaning of the Act are also designated persons for the purposes of the Terrorist Asset-Freezing...

The EU sanctions in relation to Libya have been implemented in the Bailiwick by the Libya (Restrictive Measures) (Guernsey) Ordinance, 2011, the Libya (Restrictive Measures) (Alderney) Ordinance, 2011 and the Libya (Restrictive Measures) (Sark) Ordinance, 2011. An asset freeze no longer applies to Ahmed Mohammed Qadhaf Al Dam. This change has taken place as a judgement by the General Court of the...

​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. EU Council Regulation 2015/64 further amends the 2002 Regulation by making changes to the list of...

From today anyone who is required to complete, and submit to the Commission, a Personal Questionnaire (PQ) for the first time or who needs to update their existing one, will be able to do so using the Commission’s new online portal. This new electronic service offers a more efficient and less time consuming process than the current paper based system which is being phased out and will no longer be...

Please be advised that guidance on prohibitions and authorisations in respect of exports and related financial assistance under the EU’s sanctions against the Russian Federation has been issued by the European Commission. The EU sanctions in relation to the Russian Federation have been implemented in the Bailiwick by the Russian Federation (Restrictive Measures) (Guernsey) Ordinance, 2014, the...

There have been a number of developments in relation to the Bailiwick’s sanctions regime. Measures which should be taken as a result are set out at the end of this notice. CRIMEA AND SEVASTOPOL The Crimea and Sevastopol (Restrictive Measures) (Guernsey) Ordinance, 2014 has been amended by the Crimea and Sevastopol (Restrictive Measures) (Guernsey) (Amendment) Ordinance, 2014. The amendment...

It has recently come to the Commission's attention that a company called West Capital Partners Inc. of New York has been making unsolicited approaches (a practise known as 'cold calling') to a number of Bailiwick residents. The purpose of this notice is to advise that the company is not licensed, authorised or in any way regulated by the Commission for the conduct of any financial services...