News

The Guernsey Financial Services Commission has become aware of fake documents that have been issued in the Commission’s name and used in support of an advance fee fraud scheme. The fake documents are titled “Financial Regulatory Due Diligence / Financial Provenance Clearance”. The fraud scheme involves a fake law firm using the name Flaven Law Chambers and a fake bank using the name ApexKrest Bank...

Please be advised that the Security Council Committee pursuant to Resolution 1267 (1999), 1989 (2011) and 2253 (2015), concerning ISIL (Da’esh) and Al-Qaida have approved the addition of the following entry to its Sanctions List of individuals and entities subject to the measures imposed by the Security Council and adopted under Chapter VII of the Charter of the United Nations: Hamidah NABAGALA...

Please be advised that the following individuals have been designated under the ISIL (Da’esh) and Al-Qaida (United Nations Sanctions) (EU Exit) Regulations 2019 (the UK regulations) and are now subject to an asset freeze, travel ban and arms embargo: SAMI JASIM MUHAMMAD JAATA AL-JABURI (AQD0389) ABD EL HAMID SALIM IBRAHIM BRUKAN AL-KHATOUNI (AQD0390) The individuals referred to above appear on the...

The Commission notes that the Court of Appeal handed down a judgment relating to the Commission’s powers to issue a public statement. The Court of Appeal allowed the Commission’s appeal on five of the six grounds advanced. The Court of Appeal set aside the Royal Court’s judgment and reinstated the Senior Decision Maker’s decision to issue the public statement in the terms originally proposed.

The Commission has today issued its report on its first thematic review conducted under the Lending, Credit and Finance regime. The thematic review focused specifically on motor finance, assessing how well firms are complying with the new regulatory regime since it came into full effect in July 2023. ‘Motor finance’, in the context of the thematic, refers to the various loans and credit agreements...

Please be advised that the Policy & Resources Committee (the Committee) has issued the attached general licence under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations, 2019, as implemented in the Bailiwick by the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 (the Russia Regulations). This general licence replaces GY/RUSSIA/2025/GL1 which...

Please be advised that the following have been added to the list of individuals and entities who are currently designated under the Global Human Rights Sanctions Regulations 2020 (the UK regulations): Name: Unique ID: Kuok-Koi WAN GHR0181 Weizhi PANG GHR0184 Soklim EANG GHR0185 Thet LI GHR0187 Xiaoyan WANG GHR0188 An Ming WU GHR0189 TIAN XU INTERNATIONAL TECHNOLOGY PLC GHR0182 BSQUARE TECHNOLOGY...

The Commission delivered two presentations on Wednesday 11 March 2026 regarding the findings from its thematic review of Conflicts of Interest within the Investment and Fiduciary sectors, published on 22 September 2025.  The presentations reinforced the findings of the thematic review which found that, in general, firms appropriately identify, manage and record conflicts of interest that arise...

Please be advised that the following individual has been revoked from the UK Russia financial sanctions regime. This individual is no longer subject to UK sanctions. German BELOUS (Unique ID: RUS0846) The UK sanctions list has been updated and can be found here . The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)...