Fiduciary

​Please be advised that the guidance previously issued by the European Commission on prohibitions and authorisations in respect of exports and related financial assistance under the EU’s sanctions against the Russian Federation has been updated. The EU sanctions against the Russian Federation have been implemented in the Bailiwick by the Russian Federation (Restrictive Measures) (Guernsey)...

​Guidance on the annual Financial Crime Risk Return and a copy of the online return form are now available on the Commission’s website. The Commission has introduced this return as a means of obtaining, on a consistent and regular basis, information and data from all licensed and registered firms (including licensed individuals) subject to the requirements of the Handbooks about their business...

​The Channel Islands Financial Ombudsman has published Consultation Paper 3 on a model complaint-handling procedure for financial services providers. This can be found at https://www.ci-fo.org/cifo-consultations.

Addition to the UN List The United Nations Security Council has added four individuals (“the listed persons”) to the list of persons associated with Al-Qaida maintained under United Nations Security Council Resolution 1267. All persons on the UN list are subject to restrictive measures which include targeted financial sanctions. Further information is available here: http://www.un.org/press/en...

​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/ 1514...

​ Further to the Commission’s news article of 28 August 2015, a directions hearing was heard on 16 September 2015 in relation to the Commission’s application for the winding up of MVP Fund Range PCC Limited (“the Fund”) under section 410 of the Companies (Guernsey) Law, 2008, as amended. After hearing Counsel for the Commission and Mr Stratford, a director of the Fund, the Royal Court made a...

Council Regulation (EU) No 224/2014, as implemented in the Bailiwick by the Central African Republic (Restrictive Measures) (Guernsey) Ordinance, 2014, the Central African Republic (Restrictive Measures) (Alderney) Ordinance, 2014, and the Central African Republic (Restrictive Measures) (Sark) Ordinance, 2014, has been amended by Commission Implementing Regulation (EU) No 2015/1485. The...

Please be advised that on 3 September 2015 the United Nations Security Council added the name of 1 natural person (“the listed person”) to 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, including financial sanctions. Further information about the listed person is available...

This Notice is issued further to a Sanctions Notice issued last month in relation to the removal of one natural person from the list of persons associated with Al-Qaida maintained under United Nations Security Council Resolution 1267, and changes to the details relating to two other listed persons. Please be advised that corresponding changes have now been made to the list maintained by the...