News

Please be advised that the details of the following entry: BANK SADERAT IRAN (Group ID: 11185) which is designated under the Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019 (the UK regulations) have been amended to bring the entry in line with the UK Sanctions List. The entity referred to above remains subject to an asset freeze and will appear on the UK sanctions list, which can be found...

We note this judgment from the Court of Appeal which confirms the decision of the Commission’s Senior Decision Maker regarding Mr Hofgren to a considerable extent. Whilst the Royal Court in its judgment dated 21 November 2024, upheld the majority of the Senior Decision Maker’s findings and the sanctions imposed, the Court of Appeal determined that an SDM should be appointed to reassess the overall...

The Commission has become aware of a possible phishing attempt being sent purporting to be from the Commission, using the domain “gfsc.gg.cliopost.com" If you have received such an email from the Commission, please do not reply or click on any links or attachments and instead forward it to [email protected] The Commission sends its emails from the domain ending “ gfsc.gg.” Firms are reminded of the...

The Guernsey Financial Services Commission (the Commission) is pleased to announce the launch of a Trainee Development Programme – a full-time, salaried opportunity designed for school leavers to begin a meaningful career in financial regulation while studying for a Degree in Applied Finance with the University of Exeter. This four-year programme offers successful applicants the chance to earn...

Please be advised that details in respect of the following individual, who has been designated under The Russia (Sanctions) (EU Exit) Regulations 2019 , have been amended: Name: OFSI Group ID Unique ID: John Michael ORMEROD 16863 RUS2639 The above entity is still subject to an asset freeze and trust services sanctions. The individual referred to above appears on the UK sanctions list, which can be...

The Commission has reiterated its commitment to supporting innovation in financial services through the Innovation Sandbox + Concierge which was launched in October 2025 as part of the Digital Finance Initiative (DFI). The Sandbox builds on the previous arrangements known as the Innovation Soundbox. It offers firms a structured environment in which to develop and launch innovative products and...

This is a further reminder that, as of the 28 th of January 2026, OFSI’s Consolidated List of Asset Freeze Targets will no longer be updated. From this point onwards, the only reliable source for UK sanctions designations will be the UK Sanctions List (UKSL) , published by the Foreign, Commonwealth and Development Office. This means that compliance systems that source data from the OFSI...

Please be advised that the following individuals: Mohammed Hussein AL-JASIM (Unique ID: SYR0420) Sayf Al-Din BOULAD (Unique ID: SYR0421) Ghaith Suleiman DALLA (Unique ID: SYR0419) Miqdad Loay FATIHA (Unique ID: SYR0418) Mudallal KHOURY (Unique ID: SYR0425) Imad Mtanyus KHOURY (Unique ID: SYR0426) HAMZA DIVISION (Unique ID: SYR0424) SULTAN MURAD DIVISION (Unique ID: SYR0422) SULTAN SULEIMAN SHAH...

Please be advised that details in respect of the following individual, who has been designated under The Russia (Sanctions) (EU Exit) Regulations 2019 , have been amended: Name: OFSI Group ID Unique ID: Limited Liability Company responsibility of "RBRU Specialized depository" 16924 RUS2682 The above entity is still subject to an asset freeze. The individual referred to above appears on the UK...