Articles from 2023

Havelet Finance Limited is licensed by the Commission under the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022. However, it has been noted that criminals have been using the firm’s details in attempts to commit advance fee fraud. The fraud scheme has included the setting up of false websites and pages on social media in the name of the firm. Anyone seeking to conduct business with...

Please be advised that the following persons - SAEED MONTAZER AL-MAHDI (GROUP ID: 16086) MOHAMMAD MEHDI ESMAILI (GROUP ID: 16088) MOHAMMAD HASHEMI (GROUP ID: 16089) ALIREZA ZAKANI (GROUP ID: 16090) ARVAN CLOUD (Group ID: 16087) have been designated under the Iran (Sanctions) (Human Rights) (EU Exit) Regulations 2019 (the UK regulations). The UK regulations are given effect within the Bailiwick...

On Monday 25 September and Tuesday 26 September the Commission will deliver a series of sector specific presentations regarding the findings from its thematic reviews of Business Risk Assessments and Politically Exposed Persons published on 15 December and 27 July respectively . All sessions are being held at the Harry Bound Room, Les Cotils Centre, Les Cotils, St Peter Port, GY1 1UU. The sessions...

Further to the launch of a director registration regime for individuals holding certain categories of directorships, the Commission wishes to remind individuals who qualify for registration that they have until 1 October 2023 to register. Amendments made to the Criminal Justice (Proceeds of Crime) Law, 1999 and an amendment to the Regulations of Fiduciaries, Administration Businesses and Company...

Guernsey Funds The total net asset value of Guernsey funds at the end of the quarter was £286.0 billion, a decrease over the quarter of £2.7 billion (-0.9%). Over the past year, total net asset values have decreased by £16.8 billon (-5.5%). Open-ended Schemes Within these totals, Guernsey domiciled open-ended funds decreased over the quarter by £1.0 billion (-2.1%) to £48.9 billion. This...

Please be advised that the following individuals - Ahmed Ag Albachar (Group ID: 13799) Houka Houka Ag Alhousseini (Group ID: 13800) Mahri Sidi Amar Ben Daha (Group ID: 13801) Mohamed Ben Ahmed Mahri (Group ID:13802) Mohamed Ould Mataly (Group ID: 13803) have been removed from the list of persons who are designated under the Mali (Sanctions) (EU Exit) Regulations 2020 (the UK regulations) and are...

Please be advised that an amendment has been made in respect of DANA HOLDINGS A.K.A DANA ASTRA which is currently designated under the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (the UK regulations), and which remains subject to an asset freeze. The amended entry in respect of the entity referred to above appears on the consolidated list, which can be found here . The UK...

On 22 August 2023, the Guernsey Court of Appeal handed down its judgment in the case of John Adam Robilliard and the Chairman of the Guernsey Financial Services Commission. The Guernsey Court of Appeal heard an appeal brought by Mr Robilliard against a decision of the Deputy Bailiff in the Royal Court who had dismissed Mr Robilliard’s previous appeal against a decision of one of the Commission’s...