News

Sanctions Notice - Sanctions (Bailiwick of Guernsey) Law, 2018

12th November 2019
Information on the Sanctions (Bailiwick of Guernsey) Law, 2018 is available on the States of Guernsey website. The Policy & Resources Committee has also issued: an advisory memorandum giving details of the scope and effect of this legislation, guidance on reporting obligations under the law. Links to these can be found on the States of Guernsey website at www.gov.gg/sanctions. The advisory...

Sanctions Notice - Nicaragua

12th November 2019
Nicaragua (Restrictive Measures) (Bailiwick of Guernsey) Regulations, 2019 On 14 October 2019, in response to concern about the situation in Nicaragua, the EU published Council Regulation (EU) 2019/1716. This sets out restrictive measures comprising an asset freeze and other financial restrictions on listed persons that are responsible for serious human rights violations or abuses or for the...

Sanctions Notice - The Republic of Maldives

12th November 2019
The Republic of Maldives (Repeal of Restrictive Measures) (Guernsey and Sark) Regulations, 2019 On 16 July 2018, in response to concern about the situation in the Republic of Maldives (the Maldives), the EU published Council Regulation (EU) 2018/1001, setting out restrictive measures. This has been given domestic effect by Ordinance. The European Union has repealed those measures following its...

Sanctions Notice - Cyber-Crime

12th November 2019
Cyber-Crime (Restrictive Measures) (Bailiwick of Guernsey) Regulations, 2019 On 17 May 2019, in order to improve capacity for responding to and deterring cyber-attacks, the EU published Council Regulation (EU) 2019/796. This sets out restrictive measures comprising an asset freeze and other financial restrictions on listed persons that are responsible for, provide financial, technical or material...

September Quarter 2019 Investment Statistics

12th November 2019
Third Quarter 2019Investment Funds The net asset value of total funds under management and administration has decreased in Sterling terms during the last quarter by £9.8 billion (-3.3%) to £286.1 billion. Over the past year, total net asset values increased by £6.1 billion (2.2%). Open-ended Schemes Within these totals, Guernsey domiciled open-ended funds increased over the quarter by £0.9 billion...

Sanctions Notice - ISIL (Da'esh) and Al-Qaida Network

7th November 2019
Please be advised that the United Nations Security Council has removed one entry from the list of individuals and entities subject to restrictive measures, including targeted financial sanctions, under United Nations Security Council Resolution 1267.Further details are available here:https://www.un.org/press/en/2019/sc14014.doc.htm Under section 13 of the Sanctions (Bailiwick of Guernsey) Law...

Handbook on Countering Financial Crime and Terrorist Financing

1st November 2019
The Commission has today issued, in final form, the revised Handbook on Countering Financial Crime and Terrorist Financing ("the Handbook").The Commission has revised the Handbook, in order to allow firms to advance work on revising their business risk assessments and policies, procedures and controls to take account of the provisions of Schedule 3 and the rules and guidance in the Handbook...

Sanctions Notice - Burundi

28th October 2019
Council Regulation (EU) No 1755/2015, as implemented in the Bailiwick by the Burundi (Restrictive Measures) (Guernsey) Ordinance, 2015, the Burundi (Restrictive Measures) (Alderney) Ordinance, 2016 and the Burundi (Restrictive Measures) (Sark) Ordinance 2015, has been amended by Council Implementing Regulation (EU) 2019/1779. The Regulation is available here: Council Implementing Regulation (EU)...

Certes Capital Limited (formerly Marlborough Pension Trustees Limited) (“Certes”)

18th October 2019
The Financial Services Commission (Bailiwick of GUernsey) Law, 1987 ("the Financial Services Commission Law")The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2000 ("the Fiduciaries Law")Certes Capital Limited (formerly Marlborough Pension Trustees Limited) ("Certes")On 18 October 2019, the Guernsey Financial Services Commission ("the...

Sanctions Notice - ISIL (Da'esh) and Al-Qaida Network

17th October 2019
Please be advised that one entry has been removed from 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 Council Implementing Regulation (EU) No 2019/1717. These changes are automatically effective in the Bailiwick under the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013, the Al...