Articles from 2024

Please be advised that an amendment has been made in respect of the following persons who have been designated under the Counter-Terrorism (International Sanctions) (EU Exit) Regulations 2019 (the UK regulations): Mustafa AYASH (Unique ID: CTD0004) Nazem AHMAD (Unique ID: CTD0002) Those referred to above remain subject to an asset freeze and are now also subject to a travel ban. They both appear...

The full line up of speakers, including respected international voices, has been announced for ‘Finovation: The Guernsey Edge’ taking place at Beau Sejour Leisure Centre on Wednesday 11 September. The one-day conference, jointly hosted by the Guernsey Financial Services Commission and Guernsey Finance, will consider the opportunities for Guernsey to leverage its nimbleness, robust legal framework...

Please be advised that the following person, previously designated under the ISIL (Da'esh) and Al-Qaida (Sanctions) (EU Exit) Regulations 2019 (the UK regulations), has been removed from the consolidated list and is no longer subject to an asset freeze : Yassine Chekkouri (Group ID: 7105) The consolidated list has been updated and can be found here . The UK regulations are given effect within the...

On Thursday 8 August and Friday 9 August the Commission delivered three presentations regarding the findings from its thematic review of Governance, Risk, and Compliance Controls to Counter Financial Crime - Estate Agency, Legal and Accountancy Services published on 4 April 2024. These sessions were attended by over 100 people. Slides from the presentation can be found on the Events page or...

Guernsey Funds The total net asset value of Guernsey funds at the end of the quarter was £295.7 billion, an increase over the quarter of £3.2 billion (+1.1%). Over the past year, total net asset values have increased by £9.7 billon (+3.4%). Closed-ended Schemes Within these totals, Guernsey closed-ended funds increased over the quarter by £2.5 billion (+1.0%) to £244.0 billion. This represents an...

Please be advised that the following persons/entities: Aleksey Valerievich Lazarenko (Group ID: 16547) Andrei Sergeevich Palchyk (Group ID: 16548) Filip Vladimirovich Sturchanka (Group ID: 16550) Denis Anatolievich Tolstenkov (Group ID: 16549) JSC NIIEVM (Group ID: 16551) OJSC STANKOGOMEL (Group ID: 16552) RUCHSERVOMOTOR LLC (Group ID: 16553) have been designated under The Republic of Belarus...

Please be advised that the following persons, previously designated under the Yemen (Sanctions) (EU Exit) (No.2) Regulations 2020 (the UK regulations), have been removed from the consolidated list and are no longer subject to an arms embargo, asset freeze or travel ban: ALI ABDULLAH SALEH (Unique ID: YEM0003) AHMED ALI ABDULLAH SALEH (Unique ID: YEM0005) The consolidated list has been updated and...

The Guernsey Financial Services Commission has today issued a discussion paper seeking views on international sustainability reporting in the Bailiwick. The paper is intended to enable the Commission, in discussion with the finance industry, to explore the next steps that the Bailiwick of Guernsey can take to meet the challenges presented by sustainability and climate change risk. This discussion...

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