News

Please be advised that one individual has been added to 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, by Commission Implementing Regulation (EU) No 2018/1809. 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 added one entry to 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: …

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 amendments, which are automatically effective in the Bailiwick, is to remove one entity from the list of persons and entities subject to financial restrictions under Resolution 1518.   Further details about the…

Council Regulation (EU) No 2017/2063, as implemented in the Bailiwick by the Venezuela (Restrictive Measures) (Guernsey) Ordinance, 2017, has been amended by Council Implementing Regulation (EU) No 2018/1653. The effect of the amendments, which are automatically and immediately effective in Guernsey, is to amend the information relating to one person on the list of persons subject to an asset…

The Commission has today issued, in final draft form, the revised Handbook on Countering Financial Crime and Terrorist Financing. This follows publication of The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) (Amendment) Ordinance, 2018 which, once approved by the States of Guernsey, will replace and update the provisions of the two sets of Criminal Justice (Proceeds of Crimes)…

The Commission is pleased to release a discussion paper on the development of green insurance in Guernsey. The paper considers how the Bailiwick might become a supportive jurisdiction for green insurance and welcomes feedback from third parties. The fundamental challenge of a warming planet is not going to go away and there will be a continuing demand for measures to mitigate climate change. In…

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 amendments, which are automatically effective in the Bailiwick, is to remove one entity from the list of persons and entities subject to financial restrictions under Resolution 1518.   Further details about the…

The Commission is pleased to announce the publication of the Code of Market Conduct (“the Code”) following the closing of the consultation period on 12 July 2018. The aim of the Code is to provide guidance on whether or not behaviour amounts to market abuse, in the opinion of the Commission. The Commission would like to express its gratitude to everyone who has provided valuable feedback on…

Chemical Weapons (Restrictive Measures) (Guernsey) Ordinance, 2018 On 15th October 2018, in response to concern about the proliferation and use of chemical weapons, the EU has published Council Regulation (EU) 2018/1542. This Regulation imposes and asset freeze and other financial restrictions on listed persons that are responsible for, provide financial, technical or material support for, or are…

Council Regulation (EU) No 2009/1284, as implemented in the Bailiwick by the Republic of Guinea (Restrictive Measures) (Guernsey) Ordinance, 2012, the Republic of Guinea (Restrictive Measures) (Alderney) Ordinance, 2016 and the Republic of Guinea (Restrictive Measures) (Sark) Ordinance 2012, has been amended by Council Implementing Regulation (EU) 2018/1604. The Implementing Regulation is…