News

Please be advised that an amendment has been made in respect of Ashraf Said Ahmed Hussein ALI who is currently designated under the Global Human Rights (Sanctions) (EU Exit) Regulations 2021 (the UK regulations) and who remains subject to an asset freeze. The amended entry in respect of the individual referred to above appears on the consolidated list, which can be found here . The UK regulations...

Please be advised that an amendment has been made in respect of Alexey Viktorovich Kuzmichev who is currently designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) and who remains subject to an asset freeze. The amended entry in respect of the individual referred to above appears on the consolidated list, which can be found here . Please also be advised that...

Further to the announcement in our 2021 Annual Report advising of our intention to implement mandatory two-factor authentication (‘2FA’) on our Online Portals for all our regulated entities, we have been working on our background systems. On this basis by 31 May 2023, the Commission intends to switch 2FA on for all Portal Users who have not yet enabled this functionality. 2FA is an additional...

Please be advised that Ali Nourouzi Seyyed Tabatabai Ahmad Karimi Jamal Babamoradi Yahya Ala’oddini Ahmed Zulqadr Alireza Heydarnia have been designated under the Iran (Sanctions) (Human Rights) (EU Exit) Regulations 2019 (the UK regulations). The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations...

Today, the Commission issued a Consultation Paper on Retail General Insurers. General, as opposed to life, insurance concerns coverage for house contents, bikes, health costs and so on. Guernsey already offers such insurance on a global basis and aims to grow this business. To support this aim, the Commission intends to develop further the current regulatory regime. This involves a strengthening...

Please be advised that an amendment has been made in respect of Igor Viktorovich Makarov who is currently designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK Russia regulations) and who remains subject to an asset freeze. The amended entry in respect of the individual referred to above appears on the consolidated list. Please also be advised that Minsk Wheel Tractor Plant is...

Please be advised that following the UN's decision to remove Humam Abd-Al-Khaliq Abd-Al-Ghafur Ayad Futayyih Khalifa Al-Rawi from the UN list of designated persons, they are no longer designated under the Iraq (Sanctions) (EU Exit) Regulations 2020 (the UK regulations). The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of...

Please be advised that amendments or corrections have been made in respect of 21 persons who are currently designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) and who remain subject to an asset freeze. Details of the persons concerned are available here: Notice_Russia_100323.pdf (publishing.service.gov.uk) The UK regulations are given effect within the Bailiwick...

The Commission has today issued amendments to the country lists in Appendix C and Appendix I of the Handbook on Countering Financial Crime and Terrorist Financing reflecting the Financial Action Task Force’s updated list of jurisdictions under increased monitoring, which includes South Africa and Nigeria. FATF has removed Morocco and Cambodia from its list of jurisdictions under increased...