News

Update specifically for TieCare International policyholders of GBG Insurance Limited

28th December 2023
Policyholders are advised that a replacement coverage solution through an arrangement with an insurance carrier rated A (Excellent) by A.M. Best Company is currently being finalised. If you are a TieCare International policyholder and have any questions or concerns, please call GBG Assist at +1.786.814.4125 or U.S./Canada toll-free at +1.866.914.5333. Or you can email your TieCare regional...

Notice of failure of GBG Insurance Limited

22nd December 2023
Unfortunately, GBG Insurance Limited has failed and its directors have decided to place it into administration. The situation is complicated and not completely certain as the firm enters administration. Whether or not a policyholder is affected by GBG’s insolvency will depend on whether or not the policyholder is directly insured by GBG. The Commission is encouraging policyholders to review their...

Sanctions Notice - Russia

22nd December 2023
Please be advised that the following entry has been amended under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations). YURI ALEKSEYEVICH SOLOVIEV (Unique ID: RUS0807) The individual referred to above is subject to an asset freeze and trusts services sanctions , and appears on the UK’s consolidated list, which can be found here . The UK regulations are given effect within the...

Sanctions Notice - Iran

18th December 2023
Please be advised that the following entries MOHAMMAD ROSTAMI CHESME GACHI (GROUP ID: 15597) SEYYED MOHAMED SALEH HASHEMI GOLPAYEGANI (GROUP ID: 15848) GHOLAMREZA SOLEIMANI ( GROUP ID: 15599) have been amended under the Iran (Sanctions) Regulations 2023 (the UK regulations). The individuals referred to above remain subject to an asset freeze and appear on the consolidated list, which can be found...

Sanctions Notice - Russia

18th December 2023
Please be advised that the following entries have been amended under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) ALEXANDER BORISOVICH ARUTYUNOV (Group ID: 16232) SERGEI SERGEEVICH TREGUB (Group ID: 16275) The individuals referred to above are subject to an asset freeze and trusts services sanctions , and appear on the UK’s consolidated list, which can be found here . The...

Sanctions Notice - Russia

15th December 2023
Please be advised that JOINT-STOCK COMMERCIAL BANK NOVIKOMBANK ( Group ID: 16337.) has been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) and is now subject to an asset freeze and trusts services sanctions . Please also be advised that details in respect of 1 individual and 26 entities currently subject to an asset freeze and trusts services sanctions have...

Sanctions Notice - Russia

14th December 2023
Please be advised that the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) have been amended by the Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2023 and the Russia (Sanctions) (EU Exit) (Amendment) (No. 5) Regulations 2023 (the Amending Regulations). The effect of the Amending regulations is to change or widen existing prohibitions regarding the processing of...

Sanctions Notice - Iran

14th December 2023
Please be advised that the UK has enacted the Iran (Sanctions) Regulations 2023 (legislation.gov.uk) (the UK regulations). The effect of the UK regulations is to repeal and replace the Iran (Sanctions) (Human Rights) (EU Exit) Regulations 2019. The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations...

Sanctions Notice - International Counter-Terrorism

13th December 2023
Please be advised that the following persons - Akram AL-AJOURI (Group ID: 16224) Aiman Ahmad AL-DUWAIK (Group ID: 16225) Ali BARAKA (Group ID: 16229) Khaled CHOUMAN (Group ID: 16228) Rida Ali KHAMIS (Group ID: 16230) Maher Rebhi Namr OBEID (Group ID: 16226) Mahmoud ZAHAR (Group ID: 16227) have been designated under the Counter-Terrorism (International Sanctions) (EU Exit) Regulations 2019 (the UK...