News

Council Regulation (EU) No 2013/401, as implemented in the Bailiwick by the Myanmar/Burma (Restrictive Measures) (Guernsey) Ordinance, 2013, the Myanmar/Burma (Restrictive Measures) (Alderney) Ordinance, 2013, and the Myanmar/Burma (Restrictive Measures) (Sark) Ordinance, 2017, has been amended by Council Implementing Regulation 2019/672.  The effect of the amendments, which are automatically…

  The Commission has today issued its report on the thematic review of beneficial ownership of Guernsey and Alderney legal persons managed or administered by fiduciary licensees. The review was undertaken during the latter part of 2018 and the early part of 2019.  A copy of the thematic review can be found by clicking here. An estimated 3,000 data sets were received and analysed, including from…

  The Commission has published its 2018 annual report and financial statements. Amongst the themes explored in the report is the level of new financial services business coming to the island last year with the investment sector in particular seeing an uplift in applications. Insurance Linked Securities also continued to see growth. During 2018, the Commission worked with government and industry…

The Commission is undertaking a short consultation on changes proposed to rules and guidance in the Handbook on Countering Financial Crime and Terrorist Financing (version issued on 1 March 2019).  This follows the publication on 7 May 2019 of the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) (Amendment) Regulations, 2019 (“the Amendment Regulations”) made by the Policy and…

Please be advised that one entry on the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained by the European Union under Council Regulation (EC) No 881/2002 has been removed and one entry has been amended by Council Implementing Regulation (EU) No 2019/663. These changes are automatically effective in the Bailiwick under the Al-Qaida (Restrictive Measures)…

Please be advised that one entry on the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained by the European Union under Council Regulation (EC) No 881/2002 has been removed by Council Implementing Regulation (EU) No 2019/622. These changes are automatically effective in the Bailiwick under the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013…

Please be advised that the United Nations Security Council has removed one entry from the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267.  All entities on the list are subject to restrictive measures which include targeted financial sanctions.  Further details are available here: …

Please be advised that the United Nations Security Council has amended one entry on the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267.  All entities on the list are subject to restrictive measures which include targeted financial sanctions.  Further details are available here: …

Please be advised that the United Nations Security Council has removed one entry from the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267.  All entities on the list are subject to restrictive measures which include targeted financial sanctions.  Further details are available here: …

Council Regulation (EU) No 267/2012, as implemented in the Bailiwick 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 Regulation (EU) No 2019/560.  The amending Regulation is available here:  Council Regulation (EU) 2019/560  The…