News

As part of our engagement with industry and the associations that represent them, the Commission learned of an anomaly in the way in which the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) treats pooled accounts operated by subsidiary companies of investment and fiduciary licensees. In response to industry feedback, the Commission has today made minor amendments to the...

Please be advised that details in respect of Albert Kashafovich SHIGABUTDINOV (Group ID: 15609) who is currently subject to an asset freeze and trust services sanctions, have been amended. The individual referred to above appears on the UK’s consolidated list, which can be found here . The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes)...

Please be advised that the details of the following individuals and entities who have been designated under the Syria (Sanctions) (EU Exit) Regulations 2019 (the UK regulations), have been amended to reflect the amended Syria regulations and are still subject to an asset freeze: Al-Fatah Abd Qudsiyah (Unique ID: SYR0001 ) Khamis Abdelhamid Abdullah (Unique ID: SYR0002 ) Abdul-Salam Al Nayef...

Following five months of industry testing, the Guernsey Financial Services Commission is delighted to announce the Beta release of its new online Applications and Authorisations Portal. The new portal, also known as the A&A Portal, will streamline the applications and authorisations process through a secure, online platform, making it significantly easier for people to start financial services...

Please be advised that the following entries have been removed from the UK Syria financial sanctions regime and are no longer subject to an asset freeze or director disqualification: Ministry of Interior (Unique ID: SYR0318) Ministry of Defence (Unique ID: SYR0317) General Intelligence Directorate (Unique ID: SYR0300) Air Force Intelligence Agency (Unique ID: SYR0278) Political Security...

The Guernsey Financial Services Commission is pleased to announce a new partnership in financial literacy with “EDUCFI”, the French National Financial Literacy Strategy operated by Banque de France, the French central bank, in order to provide unbiased, easy-to-read, quality material designed to help local people understand financial matters more easily. The partnership will see the Commission...

More than 500 industry representatives joined the Commission on Tuesday 11 March at Beau Sejour Leisure Centre for its 2025 Industry Conference “Looking ahead - enhancing the Bailiwick through innovation, simplicity and ease of use.” Attendees heard updates on the banking and insurance, and investment, fiduciary and pension sectors, including key trends and what’s on the horizon, and learnt more...

Please be advised that details in respect of the following entry, who has been designated under the Global Anti-Corruption Sanctions Regulations 2021 (the UK regulations), have been amended: Marina Tauber (Group ID: 16849) The above entry is still subject to an asset freeze. The entity referred to above appears on the UK’s consolidated list, which can be found here . The UK regulations are given...

Please be advised that the following entity and individual have been designated under the Iran (Sanctions) Regulations 2023 (the UK regulations) : Foxtrot Network (Unique ID: 16856) Rawa Majid (Unique ID: 16857) The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 that have been made under the...