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Sanctions Notices - Afghanistan, Al-Qaida Network, Belarus, Iran and Terrorism and Terrorist Financing

5th August 2015
​Please be advised that there have been a number of developments in relation to the Bailiwick's sanctions regime, which are set out below. These developments concern sanctions relating to Afghanistan, Al-Qaida Network, Belarus, Iran and Terrorism and Terrorist Financing. AFGHANISTAN Council Regulation (EU) No 753/2011, as implemented in the Bailiwick by the Afghanistan (Restrictive Measures)...

Sanctions Notice - Ukraine

3rd August 2015
Council Implementing Regulation (EU) No 284/2014 in respect of Council Regulation (EU) No 269/2014 of 17 March 2014, as implemented in the Bailiwick by the Territorial Integrity etc. of Ukraine (Restrictive Measures) (Guernsey) Ordinance, 2014, the Territorial Integrity etc. of Ukraine (Restrictive Measures) (Alderney) Ordinance, 2014, and the Territorial Integrity etc. of Ukraine (Restrictive...

Sanctions Notice - Al-Qaida Network

22nd July 2015
Please be advised that the United Nations Security Council has amended the details relating to 1 individual on the list of persons associated with Al-Qaida maintained under United Nations Security Council Resolution 1267. All persons on the list are subject to restrictive measures which include targeted financial sanctions. Further information about the amendment is available here: http://www.un...

Instruction No. 03/2015 for Financial Services Businesses and Prescribed Businesses

16th July 2015
The Commission is today issuing Instruction Number 03/2015 for Financial Services Businesses and Prescribed Businesses, copies of which can be accessed on the FC&A section of the Commission’s website: Instruction No. 03/2015 for Financial Services Businesses Instruction No. 03/2015 for Prescribed Businesses 16 July 2015

Sanctions Notice - Belarus

15th July 2015
​Council Regulation (EC) No 765/2006 of 18 May 2006, as implemented in the Bailiwick by the Belarus (Freezing of Funds) (Guernsey) Ordinance, 2006, the Belarus (Freezing of Funds) (Alderney) Ordinance, 2006 and the Belarus (Freezing of Funds) (Sark) Ordinance, 2006, has been amended by Council Implementing Regulation (EU) No 2015/1133. The Implementing Regulation is available here: Council...

Basel III Capital Adequacy and Leverage Ratio - Consultation Paper

10th July 2015
The Guernsey Financial Services Commission (“Commission”) invites comments on this consultation paper. The Commission seeks feedback on proposed changes to regulatory capital adequacy requirements for licensed banks incorporated in the Bailiwick. The substantive changes proposed are as follows: · Revised definitions of regulatory capital; · Establishment of new minimum regulatory capital...

Sanctions Notice - Belarus

9th July 2015
Council Implementing Regulation (EU) No. 740/2014 in respect of Council Regulation (EC) No. 765/2006 of 18 May 2006, as implemented in the Bailiwick by the Belarus (Freezing of Funds) (Guernsey) Ordinance, 2006, the Belarus (Freezing of Funds) (Alderney) Ordinance, 2006 and the Belarus (Freezing of Funds) (Sark) Ordinance, 2006, is subject to a Corrigendum. The Corrigendum to the Implementing...

Sanctions Notice - North Korea

6th July 2015
Council Regulation (EC) No 329/2007, as implemented in the Bailiwick by the North Korea (Restrictive Measures) (Guernsey) Ordinance, 2007, the North Korea (Restrictive Measures) (Alderney) Ordinance, 2007, and the North Korea (Restrictive Measures) (Sark) Ordinance, 2007, has been amended by Commission Implementing Regulation (EU) No 2015/1062. The Implementing Regulation is available here...

Sanctions Notice - Terrorism and Terrorist Financing

2nd July 2015
HM Treasury has renewed the final designation of one individual under the Terrorist Asset Freezing etc. Act 2010 (“the Act”). Further information is available here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/438509/fin_sanc_notice_Hassan_Nur_250615.pdf The individual concerned is therefore a Designated Persons for the purposes of the Act and continues to be subject...