News

Please be advised that, under the UN Iran snapback mechanism, the following designations have been reimposed under the Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019 (the UK regulations) : Name OFSI ID UN Reference Number Unique ID 7TH OF TIR 16102 IRe.001 INU0215 ABZAR BORESH KAVEH CO. (BK CO.) 16103 IRe.002 INU0216 AMIN INDUSTRIAL COMPLEX 16104 IRe.003 INU0217 AMMUNITION AND METALLURGY...

In 2015, the UK, as part of the UN Security Council, was a signatory to the Joint Comprehensive Plan of Action (JCPoA) which placed significant restrictions on Iran’s nuclear program in exchange for sanctions relief. As a result, UN sanctions on Iran (UNSCR 1737, 1747, 1803 and 1929) relating to 121 designations, an arms embargo, and financial and trade restrictions were suspended by UNSCR2231...

Please be advised that the following individuals/entities have been designated under the Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019 (the UK regulations) : Name OFSI ID Unique ID Arian Bank 11169 INU0298 Bank Mellat 11166 INU0299 Bank Melli 10651 INU0300 BANK REFAH KARGARAN 11184 INU0301 BANK SADERAT IRAN 11185 INU0302 BANK TEJARAT 12459 INU0303 CEMENT INVESTMENT AND DEVELOPMENT COMPANY...

Please be advised that the following entities have been designated under the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019 (the UK regulations): Rampage Productions (Unique ID: CTD0007) Embers of an Empire (Unique ID: CTD0008) The entities referred to above are subject to a full asset freeze and will appear on the consolidated list, which can be found here . The UK regulations are given...

Taking into account feedback received from the Royal Court and operational experience of enforcement matters, the Commission has revised and updated certain key documents relating to the enforcement process: 1. An updated Explanatory Note on the Investigation and Decision-Making Process in Relation to the use of Enforcement Powers; and 2. An updated Explanatory Note on the Commission’s General...

Please be advised that details in respect of: Name OFSI Group ID Unique ID Yuri Olegovich DENISOV 16507 RUS2124 who has been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 , have been amended. They are still subject to an asset freeze and trust services sanctions. The individual referred to above appear on the UK’s consolidated list, which can be found here . The UK regulations...

The Commission has today issued two thematic reports on Conflicts of Interest in both the Investment and Fiduciary sectors. The Commission found that, in general, firms appropriately identify, manage and record conflicts of interest that arise during the course of doing business, using a combination of policies, procedures and periodic training. The Commission was encouraged to see examples of...

Guernsey Funds The total net asset value of Guernsey funds at the end of the quarter was £270.9 billion, a decrease over the quarter of £7.7 billion (-2.8%). Over the past year, total net asset values have decreased by £24.8 billion (-8.4%). Closed-ended Schemes Within these totals, Guernsey closed-ended funds decreased over the quarter by just under £6.2 billion (-2.7%) to £226.6 billion. This...

Please be advised that the following person has been removed from the UK Russia financial sanctions regime and is no longer subject to sanctions: Tatiana Evtushenkova (OFSI ID: 15880) The consolidated list has been updated and can be found here . The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations...