Articles from 2023

Please be advised that the following individuals Ali Mahmoud Abbas Abdel Karim Mahmoud have been added to the list of persons who are designated under the Syria (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...

Please be advised that the following individuals Desire Londroma Ndjukpa William Yakutumba have been added to the list of persons who are designated under the Democratic Republic of the Congo (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)...

Further to the publication of a news article on our website on exemptions from licensing – personal directorships on 12 June, the Commission has updated the news article to provide further clarification: On 5 June 2023, the Regulation of Fiduciaries etc (Bailiwick of Guernsey) (Amendment) Regulations, 2023 were made by the Policy & Resources Committee (the “Committee”). These Regulations, which...

The Commission maintains a panel of ‘Senior Decision Makers’ who determine the outcome of the Commission’s major enforcement cases. A Senior Decision Maker, sitting alone, hears those cases involving findings of serious regulatory shortcomings against a licensee and / or individual directors and where those findings are contested. As part of the process [1], Senior Decision Makers are also...

On 5 June 2023, the Regulation of Fiduciaries etc (Bailiwick of Guernsey) (Amendment) Regulations, 2023 were made by the Policy & Resources Committee (the “Committee”). These Regulations, which are to be laid before the States meeting on 5 July and which come into operation on 8 July, expand the available licensing exemptions for certain categories of personal directorship activity. The...

Today a consultation paper has been issued on the proposed additional rules and guidance for virtual asset service providers (“VASPs”) and specified businesses with a connection to, or involvement with, virtual assets, on how to meet the requirements of Schedule 3 to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law 1999 (“the POC Law”) and rules in the Handbook on Countering...

Please be advised that the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) have been amended by the Republic of Belarus (Sanctions) (EU Exit) (Amendment)Regulations 2023 (the Amending 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...

Please be advised that the United Nations Security Council Committee has removed the following individuals from the list of persons who are subject to the ISIL (Da'esh) and Al-Qaida Organisations financial sanctions regime - Abd Al-Aziz Udai Samin Al-Fadhli Hamad Awad Dahi Sarhan Al-Shammari Further details about these individuals are available here: Security Council ISIL (Da’esh) and Al-Qaida...

Please be advised that the United Nations Security Council Committee has amended the details relating to the following individual who is subject to the ISIL (Da'esh) and Al-Qaida Organisations financial sanctions regime - Zoghbai Merai Abdul Fattah Further details about this individual are available here: Security Council ISIL (Da’esh) and Al-Qaida Sanctions Committee Amends One Entry to Its...