Articles from 2024

Following publication by the Royal Court, on 21 November 2024, we are making available the judgment of Lieutenant-Bailiff Hazel Marshall KC in the case of Nicholas Walton Hofgren and the Guernsey Financial Services Commission. The Commission welcomes the judgment which dismisses Mr Hofgren’s grounds of appeal. We intend to issue a public statement on this matter in due course.

We are considering, in conjunction with counsel, as to whether we should appeal aspects of the judgment that was handed down on 21 November 2024 as it contains novel interpretations of some aspects of the Bailiwick’s regulatory laws.

Please be advised that the following persons: Isabel Dos Santos (Group ID: 16694) Dmitry Vasylovych Firtash (Group ID: 16699) Lada Pavlovna Firtash (Group ID: 16700) Denis Vladimirovich Gorbunenko (Group ID: 16701) Liga Lemberga (Group ID: 16698) Aivars Lembergs (Group ID: 16697) Paula Cristina Fidalgo Carvalho Das Neves Oliveira (Group ID: 16696) Sarju Raikundalia (Group ID: 16695) have been...

The Commission has today issued updates to two appendices in the Handbook on Countering Financial Crime which add Gibraltar to the Appendix C list of equivalent jurisdictions and update the Appendix I list of higher risk jurisdictions following the Financial Action Task Force changes to its list of jurisdictions under increased monitoring. Gibraltar’s addition to Appendix C means that in certain...

Please be advised that the following persons/entities: All-Russian Young Army Military Patriotic Social Movement (Yunarmia) (Unique ID: RUS2307) Nikita Vladimirovich NAGORNY (Unique ID: RUS2308) Igor KAZAREZOV (Unique ID: RUS2309) Andrey SABINOV (Unique ID: RUS2310) Serafim Vikentevich IVANOV (Unique ID: RUS2312) Avangard (Unique ID: RUS2313) Olena Oleksandrivna SHAPUROVA (Unique ID: RUS2314)...

Please be advised that details in respect of Anatoly Ilyich Bibilov (Group ID: 16658) Juhang Aviation Technology (Shenzhen) Co., Limited (Group ID: 16456) Konstantin Yurievich Mirzayants (Group ID: 16659) Virmavia Ou (Group ID: 16635) who are currently subject to an asset freeze and trust services sanctions, have been amended to include updated or additional information. The persons/entities...

Please be advised that the following 2 entities have been designated under the Iran (Sanctions) Regulations 2023 (the UK regulations) : Islamic Republic of Iran Airlines (Group ID: 16611) The Islamic Republic of Iran Shipping Lines (IRISL) (Group ID: 16693) The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)...

Please be advised that the following person has been removed from the UK Russia financial sanctions regime and is no longer subject to an asset freeze, travel ban or trust services sanctions: Didier CASIMIRO (Unique ID: RUS1553) The consolidated 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)...

Please be advised that the following individuals: Abdel Rahman Juma Barkalla (Unique ID: SUD0020) Osman Mohamed Hamid Mohamed (Unique ID: SUD0021) have been designated under The Republic of Sudan (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) and is now subject to an asset freeze. The entity referred to above appears on the UK’s consolidated list, which can be found here . The UK...