News

Please be advised that the following individuals Yohaira Hernandez CHIRINO Mian Abdul HAQ Kale KAYIHURA Valentin Aleksandrovich OPARIN Sadrach Zeledon ROCHA Artur Rinatovich SHAMBAZOV Andrey Vyacheslavovich TISHENIN Oleg Vladimirovich TKACHENKO have been designated under the Global Human Rights Sanctions Regulations 2020. These regulations are given effect within the Bailiwick under the Sanctions...

Please be advised that the following individuals Gordon Koang BIEL Gatluak Nyang HOTH have been designated under the South Sudan (Sanctions) (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, 2020 as amended, that have been made under the Sanctions...

Following the States of Guernsey's Policy & Resources Committee’s recent publication of its Consultation Paper on proposed revisions to the supervisory framework surrounding the six directorship exemption, the Commission will be hosting two meetings for interested persons at its offices on Glategny Esplanade on the following dates: Wednesday 21 December 2022 from 8.30am to 10am and on Monday 9...

The Commission has today published a Consultation Paper on proposals to make new regulations providing for the exemption from licensing under The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2020 (the “Fiduciaries Law”) of the activity of acting as a director of certain companies connected to registered or authorised collective...

Please be advised that 22 individuals have been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations). The names of these individuals and entities are available here- Notice_Russia_301122.pdf (publishing.service.gov.uk) The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)...

In July 2022, the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 (the “Law”) was approved by the States of Guernsey, the States of Alderney and the Chief Pleas of Sark. A Commencement Ordinance, passed last Friday, confirmed that the Law will come into effect in two stages. Various provisions come into effect from 1 January 2023 which will allow the Commission to put in place its...

The Policy & Resources Committee has today published a Consultation Paper seeking views on a proposed change to the requirements which affect some individuals acting as company directors, by way of business, in or from within the Bailiwick. The Commission encourages industry and stakeholders to contribute their feedback. Acting as a director for any company in the Bailiwick, by way of business...

Appendix H The Commission has today updated Appendix H of the Handbook as a result of the FATF's announcement that it has added Myanmar to its list of jurisdictions subject to a call for action. Myanmar was previously on the FATF’s list of jurisdictions under increased monitoring. Appendix H of the Handbook identifies those countries and territories which the FATF has listed as high risk. Firms...

Please be advised that 24 entries 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, 2020 as amended, that have been made under the Sanctions (Bailiwick of Guernsey) Law, 2018 (the...