News

Articles from 2024

Updates to the AML/CFT/CPF Handbook

16th February 2024
The Commission has today issued an updated Handbook on Countering Financial Crime (AML/CFT/CPF) following a consultation on rules and guidance to support the extension of the existing obligations upon specified businesses to countering proliferation financing. The updated Handbook supports the changes which the States of Guernsey Policy and Resources Committee has made by regulation to Schedule 3...

Feedback Paper following consultation on the Rules for Retail General Insurers

15th February 2024
The Commission has today issued a feedback paper following the consultation on rules for retail general insurers issued in 2023. The Commission is grateful to all those who responded. We have carefully considered the views expressed in reaching our conclusions and in deciding on the final updates to the insurance rules which are also amended today. Speaking about the amended rules, Jeremy Quick...

Sanctions Notice - Russia

13th February 2024
Please be advised that details in respect of Vladimir Olegovich Potanin (Group ID: 15417) who is currently subject to an asset freeze and trusts services sanctions have been amended. The individual referred to above appears on the UK’s consolidated list, which can be found here . The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick...

Sanctions Notice - Global Human Rights

13th February 2024
Please be advised that Zvi Bar Yosef (Group ID: 16363) Ely Federman (Group ID: 16366) Yinon Levy (Group ID: 16367) Moshe Sharvit (Group ID: 16364) have been added to the list of persons who are currently designated under the Global Human Rights Sanctions Regulations 2020 (the UK regulations) and who are subject to an asset freeze. The persons referred to above appear on the consolidated list...

Sanctions Notice - ISIL (Da'esh) and Al-Qaida

8th February 2024
Please be advised that the United Nations Security Council Committee has amended the details relating to 85 persons designated under its ISIL (Da'esh) and Al-Qaida Organisations financial sanctions regime. Information about the individuals and entities concerned is available here: Security Council ISIL (Da’esh) and Al-Qaida Sanctions Committee Amends 85 Entries on Its Sanctions List | UN Press The...

Mr Iskander Karam

7th February 2024
The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (“the Enforcement Powers Law”) The Protection of Investors (Bailiwick of Guernsey) Law, 2020 (“the 2020 POI Law”) The Protection of Investors (Bailiwick of Guernsey) Law, 1987 (“the 1987 POI Law”) The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law...

Mr Iskander Karam

7th February 2024
The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (“the Enforcement Powers Law”) The Protection of Investors (Bailiwick of Guernsey) Law, 2020 (“the 2020 POI Law”) The Protection of Investors (Bailiwick of Guernsey) Law, 1987 (“the 1987 POI Law”) The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law...

Sanctions Notice - Russia

6th February 2024
Please be advised that details in respect of • Oleg Alexandrovich MASHTALYAR (Group ID: 15353) who is currently subject to an asset freeze and trusts services sanctions have been amended. The individual referred to above appears on the UK’s consolidated list, which can be found here . The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes)...