News

Please be advised that two individuals 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. Dmitry Vadimovich KOVTUN and Andrey Konstantinovich LUGOVOY are subject to an asset freeze and will appear on the consolidated list, which can...

Please be advised that the United Nations Security Council Committee has added one individual and one entity to the ISIL (Da'esh) and Al-Qaida Organisations financial sanctions regime. Ashraf al-Qizani , a Tunisian national said to be a senior member of ISIL, and Jund al-Khilafah in Tunisia (JAK-T), an ISIL affiliate, have been added to the UN’s ISIL (Da’esh) and Al-Qaida sanction list. These...

The Commission has now sent its 2022 annual fee invoices to licensees and registrants by email. If you have not received an invoice you should contact 'annualfees@gfsc.gg' quoting the entity name and the GFSC reference number, which can be found on our website ( Regulated Entities and Registered Entities). You may also contact this email address to confirm the validity of an emailed invoice...

Please be advised that ALI DARASSA has been designated under the Central African Republic (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 Guernsey) (Brexit) Regulations, 2020 that have been made under the Sanctions (Bailiwick of Guernsey) Law, 2018 (the Sanctions...

Please be advised that SANAULLAH GHAFARI has been designated under the ISIL (Da'esh) and Al-Qaida (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 that have been made under the Sanctions (Bailiwick of Guernsey) Law, 2018 (the...

Third Quarter 2021 Guernsey Funds The total net asset value of Guernsey funds has increased in Sterling terms during the last quarter by £17.4 billion (6.4%) to £290.0 billion. Over the past year, total net asset values have increased by £53.8 billon (22.8%). Open-ended Schemes Within these totals, Guernsey domiciled open-ended funds increased over the quarter by £2.2 billion (4.4%) to £52.2...

The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (“the Enforcement Powers Law”) The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2020 (the “Fiduciaries Law”) The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (“the Regulations”) The...

Further to our news article dated 1 December (click here), the Commission wishes to advise that it will not accept Surrenders and Suspensions from licensees and registrants on Christmas Eve or New Year's Eve without prior arrangement.

Please be advised that there has been a change to the Burundi sanctions regime. The Policy and Resources Committee has made the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) (Amendment - Burundi) Regulations, 2021, which are now in force and can be found here . These Regulations amend the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)...