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Mr Jose Eduardo Paula de Lima Araujo (Date of Birth 22 October 1970) of Av. Carlos Queiroz Telles, 81, Colina 21, Jardim Fonte do Morumbi, Sao Paulo SP, 05704-150, Brazil

25th March 2021
Date of prohibition order, law under which made and prohibited functions: The Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended, from 4 March 2021: any function in relation to controlled investment business. The Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2000, as amended, from 4 March 2021: any function in relation...

Mr Jose Manuel Ordoñez (Date of Birth 7 March 1971) of 3050, SW 139 Terrace, Davie, Florida, 3330, USA

25th March 2021
Date of prohibition order, law under which made and prohibited functions: The Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended, from 4 March 2021: any function in relation to controlled investment business. The Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2000, as amended, from 4 March 2021: any function in relation...

Mr Antonio Carlos de Godoy Buzaneli (Date of Birth 7 June 1961) of 310 Redwood Lane, Key Biscayne, Florida, 33149, USA

25th March 2021
Date of prohibition order, law under which made and prohibited functions: The Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended, from 4 March 2021: any function in relation to controlled investment business. The Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2000, as amended, from 4 March 2021: any function in relation...

Mr Antonio Carlos de Godoy Buzaneli, Mr Jose Manuel Ordoñez and Mr Jose Eduardo Paula de Lima Araujo

25th March 2021
On the 4th day of March 2021 the Commission imposed a discretionary financial penalty of £55,000 on Mr Jose Eduardo Paula de Lima Araujo. In addition, Mr Araujo, together with Mr Antonio Carlos de Godoy Buzaneli and Mr Jose Manuel Ordoñez (collectively the “Individuals”) were prohibited from performing any function on behalf of a regulated entity. The exemption set out in section 3(1)(g) of the...

Sanctions Notice - Global Human Rights

22nd March 2021
Please be advised that five entities have been designated under the Global Human Rights Sanctions Regulations 2020 ; these are implemented in the Bailiwick by the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020. These sanctions were enacted for the purposes of deterring and providing accountability for serious violations of an individual’s human rights...

Consultation Paper on Amendments to the Banking Rules on Accounts, Disclosure & Large Exposures

15th March 2021
The Guernsey Financial Services Commission has issued today a Consultation Paper seeking views from interested parties on proposed Banking Supervision (Accounts, Disclosure and Reporting) Rules and Guidance and amendments to the Commission’s Large Exposure and Upstreaming framework in the form of proposed Banking Supervision (Large Exposure) Rules. The proposed Accounts, Disclosure and Reporting...

Sanctions Notice - Syria

15th March 2021
Please be advised that 6 new designations have been made under the Syria (Sanctions) (EU Exit) Regulations 2019. This regime is implemented in the Bailiwick by the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020. These sanctions were enacted for the purposes of encouraging the government of Syria to refrain from actions, policies or activities which...

Commission publishes two papers addressing Green and Climate related Risk

11th March 2021
The Commission has today published a Spring Green Consultation Paper - please click here and its Thematic Review of the Guernsey Green Fund Regime - please click here . Both documents underline the Bailiwick’s ongoing commitment to this important area. The Spring Green Consultation Paper proposes an addition to the Finance Sector Code of Corporate Governance, to take specific account of climate...

Country lists updates to the Handbook and Instruction

5th March 2021
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 the Cayman Islands, Burkina Faso, Morocco and Senegal. U pdates to jurisdictions identified by other relevant external...

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