Banking

​HM Treasury has renewed the final designation in respect of EUZKADI TA ASKATASUNA (ETA) under the Terrorist Asset-Freezing etc. Act 2010, with effect from 13 February 2015. EUZKADI TA ASKATASUNA (ETA) therefore remains a Designated Person for the purposes of the Act. HM Treasury has also made amendments to the information held on the consolidated list in respect of HIZBALLAH MILITARY WING, which...

Council Regulation (EU) 269/2014, as implemented 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 Measures) (Sark) Ordinance 2014, has been amended by Council Implementing Regulation (EU) No 2015/240 with...

Council Regulation (EU) 267/2012, as implemented by the Iran (Restrictive Measures) (Guernsey) Ordinance, 2012, the Iran (Restrictive Measures) (Alderney) Ordinance, 2012, and the Iran (Restrictive Measures) (Sark) Ordinance, 2012, has been amended by Council Implementing Regulation (EU) No 2015/230 with effect from 14 February 2015. The Implementing Regulation is available here: http://eur-lex...

​TERRORISM AND TERRORIST FINANCING HM Treasury has renewed two final designations under the Terrorist Asset-Freezing etc. Act 2010. The first renewal is in respect of Parviz KHAN and is effective from 8 February 2015. The second renewal is in respect of HIZBALLAH MILITARY WING and is effective from 9 February 2015. Parviz KHAN and HIZBALLAH MILITARY WING therefore remain Designated Persons for the...

​The Commission is today issuing a formal consultation paper seeking feedback from the financial services industry on a number of proposals to amend the Bailiwick’s supervisory and regulatory laws. Its primary purpose is to facilitate discussion between the Commission, government and industry on the best way to update the current legislative framework ensuring that it is as user-friendly as...

AL-QAIDA The Al-Qaida regime under EU Council Regulation 881/2002 as amended is implemented in the Bailiwick by the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013, the Al-Qaida (Restrictive Measures) (Alderney) Ordinance, 2013, and the Al-Qaida (Restrictive Measures) (Sark) Ordinance, 2013. By Commission Implementing Regulation 2015/167, with effect from 4th February four individuals...

​Designations made by HM Treasury for the purposes of the Terrorist Asset Freezing etc. Act 2010 are automatically effective for the purposes of the Terrorist Asset-Freezing (Bailiwick of Guernsey) Law 2011, and such designations also cease to have effect automatically under the Law once they are no longer effective under the Act. The final designation of the HOLY LAND FOUNDATION FOR RELIEF AND...

​As previously advised, a number of persons associated with extremist groups in Iraq and Syria have been added to the Al-Qaida Sanctions List maintained under United Nations Security Council Resolution 1267. A corresponding list is maintained by the European Union under Council Regulation (EC) No 881/2002, which has been implemented in the Bailiwick under the Al-Qaida (Restrictive Measures)...

​TERRORISM AND TERRORIST FINANCING HM Treasury has renewed the final designation in respect of Khalid, Sheikh, MOHAMMED under the Terrorist Asset-Freezing etc. Act 2010. Khalid, Sheikh, MOHAMMED is therefore a Designated Person for the purposes of the Act. HM Treasury has also made amendments to the information held on the consolidated list in respect of Mohammed, Fawaz, KHALED, who is also a...