News

Please be advised that an entry in relation to Qods Aeronautics Industries (Qai) (Unique ID: INU0253) has been amended under the Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019 (the UK regulations). The entity referred to above remains subject to an asset freeze and appears on the consolidated list, which can be found here The UK regulations are given effect within the Bailiwick under the...

Please be advised that the following persons have been removed from the list of persons who are designated under the Iran (Sanctions) ( Nuclear) EU Exit) Regulations 2019 (the UK regulations) and are no longer subject to an asset freeze – Mohsen Fakhrizadeh-Mahabadi (Group ID: 9050) Mohammad Hejazi (Group ID: 9061) Qasem Soleimani (Group ID: 9062) Barzagani Tejarat Tavanmad Saccal Companies (Group...

The Commission wishes to remind all financial services businesses and prescribed businesses that the 2023 Financial Crime Risk Return (“the FCRR”) is due for submission by 31 October 2023. Firms which are required to complete the FCRR will find it available via the Commission’s Online Submissions Portal . Should you see a FCRR on your firm’s Online Submissions Portal timeline which you do not...

Please be advised that an amendment has been made to the details in respect of Aisha Muammar Muhammed Abu Minyar Qadhafi who is currently designated under the Libya (Sanctions) (EU Exit) Regulations 2020 (the UK regulations) and remains subject to an asset freeze. The revised entry in respect of the person referred to above appears on the consolidated list, which can be found here . The UK...

Please be advised that the United Nations Security Council Committee has removed the following individual from the list of persons who are subject to the ISIL (Da'esh) and Al-Qaida Organisations financial sanctions regime - Walid Hamid Tawfiq Al-Tikriti Further details about this individual are available here: Security Council 1518 Sanctions Committee Removes One Entry from Its Sanctions List | UN...

On the 26th day of September 2023, the Commission imposed a discretionary financial penalty as follows: Mrs Linda Dowding (“Mrs Dowding”) a financial penalty of £40,000. Further, on the above date, the Commission imposed a prohibition as follows: Mrs Dowding is prohibited from holding the position of shareholder, controller, director, partner, manager, money laundering reporting officer and money...

The Commission has today issued in final form guidance for registered directors on their anti-money laundering and counter terrorist financing obligations. No changes have been made to the text from the draft guidance issued on 9 August 2023. Registered directors are remined that the AML/CFT obligations upon them, which are contained in Schedule 3 of the Criminal Justice (Proceeds of Crime) (...

Please be advised that 11 persons have been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) and are now subject to an asset freeze and trusts services sanctions . Details of the persons concerned are available here: Notice_Russia_290923.pdf (publishing.service.gov.uk) The persons referred to above appear on the UK’s consolidated list, which can be found here...