Articles from 2024

Please be advised that Gaobin NI (Group ID: 16462) Guangzong ZHAO (Group ID: 16461) WUHAN XIAORUIZHI SCIENCE AND TECHNOLOGY COMPANY LIMITED (Group ID: 16460) have been designated under the Cyber (Sanctions) (EU Exit) Regulations 2020 (the UK regulations) and is now subject to an asset freeze. The persons referred to above appear on the consolidated list, which can be found here . The UK...

The Commission is hosting an event for current and prospective Skilled Persons from 9am to 10am on Friday 12 April at the Commission's offices at Glategny Court, Glategny Esplanade. A Skilled Person explanatory note can be found here. The event will be an opportunity for Skilled Persons to learn about the Commission’s Skilled Person process, including discussing the Commission’s expectations and...

The Commission has today issued an amendment to the country list in Appendix I of the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) reflecting the Financial Action Task Force’s updated list of jurisdictions under increased monitoring, which added Namibia, therefore Namibia has been added to Appendix I. The clean and tracked version of the Handbook (including Appendix I) can...

Please be advised that amendments have been made to the details of the following entity - MINISTRY OF NATIONAL DEFENCE (Group ID: 13575) which is designated under the Democratic People’s Republic of Korea (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)...

Please be advised that amendments have been made to the Terrorist Asset-Freezing (Bailiwick of Guernsey) Law 2011 (the Terrorist Asset Freezing Law) and the Sanctions (Bailiwick of Guernsey) Law, 2018 (the Sanctions Law). The amendments are made by the following regulations– The Terrorist Asset-Freezing (Bailiwick of Guernsey) Law 2011 (Amendment) Regulations 2024 The Sanctions (Bailiwick of...

The Commission has today issued amendments to the country list in Appendix I of the Handbook on Countering Financial Crime (AML/CFT/CPF) (the “Handbook”) reflecting the Financial Action Task Force’s updated list of jurisdictions under increased monitoring, which removed Gibraltar and the United Arab Emirates, therefore these countries have been removed from Appendix I. Some of the other sources...

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”) [1] The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (“the Regulations”)...

Fourth Quarter 2023 Guernsey Funds The total net asset value of Guernsey funds at the end of the quarter was £289.9 billion, an increase over the quarter of £1.1 billion (+0.4%). Over the past year, total net asset values have decreased by £1.7 billon (-0.6%). Closed-ended Schemes Within these totals, Guernsey closed-ended funds increased over the quarter by £0.7 billion (+0.3%) to £240.1 billion...