Financial Crime

This Notice is issued further to a Sanctions Notice issued last week in relation to the addition of one natural person to the list of persons associated with Al-Qaida maintained under United Nations Security Council Resolution 1267. Please be advised that this person has now been added to the list maintained by the European Union under Council Regulation (EC) No 881/2002 by Commission Implementing...

Please be advised that the United Nations Security Council has 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 targeted financial sanctions, a travel ban and the arms embargo. Further information about the listed person is available here...

IRAN – HUMAN RIGHTS Council Regulation (EU) 359/2011, as implemented by the Iran (Freezing of Funds) (Guernsey) Ordinance, 2011, the Iran (Freezing of Funds) (Alderney) Ordinance, 2011and the Iran (Freezing of Funds) (Sark) Ordinance, 2011, has been amended by Council Implementing Regulation (EU) No 2015/548 with effect from 8 April 2015. The Implementing Regulation is available here: Council...

Council Regulation (EC) 881/2002, as implemented 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, has been amended by Council Implementing Regulation (EU) No 2015/532 with effect from 30 March 2015. The Implementing Regulation is available here...

​The list of persons designated under Council Regulation (EC) 2580/2001 has been updated by Council Implementing Regulation (EU) No 2015/513 with effect from 27 March 2015. Existing designations in respect of 10 individuals and 23 entities have been renewed, and designations in respect of two other entities have been removed. The entities whose designations have been removed are: Al-Takfir and Al...

The Commission has today amended Appendix C to the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing and the Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime and Terrorist Financing. The Commission has added Hungary and Slovenia to the list of countries or territories whose regulated financial services...

​The Commission is today issuing Instruction Number 01/2015 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. 01/2015 for Financial Services Businesses and Instruction No. 01/2015 for Prescribed Businesses

​In 2014, the Commission commenced a review of the two Handbooks which provide the legal and regulatory framework for the financial services businesses and prescribed business sector on measures to address Anti Money Laundering and Combating the Financing of Terrorism. The Commission wanted to adopt a collaborative approach to the review and formed a joint working party with representatives of...

The EU Council has decided to extend the current sanctions regime in view of the situation in Egypt. As a result, the asset freeze and other financial restrictions imposed by Council Regulation (EU) 270/2011, as implemented by the Egypt (Freezing of Funds) (Guernsey) Ordinance, 2011, the Egypt (Freezing of Funds) (Alderney) Ordinance, 2011 and the Egypt (Freezing of Funds) (Sark) Ordinance, 2011...