Financial Crime

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 in respect of HEZBOLLAH has been renewed. As...

HM Treasury has renewed the final designations of four individuals under the Terrorist Asset Freezing etc. Act 2010 (“the Act”) with effect from 23rd February 2015. The individuals, who are linked to the terrorist organisation HAMAS, are: Imad, Khalil, AL-ALAM Usma HAMDAN Dr, Musa, MARZOUK Khalid, MISHAAL Therefore the above named four individuals are Designated Persons for the purposes of the Act...

​The legislation implementing sanctions in respect of the Cote d’Ivoire has been amended by a new consolidating Ordinance, the Cote d’Ivoire (Restrictive Measures) (Guernsey) Ordinance 2015. This Ordinance, which is effective from 23 February 2015, implements and updates measures in respect of the supply of assistance related to military activities and the freezing of funds and other economic...

Council Regulation (EC) 314/2004, as implemented by the Zimbabwe (Freezing of Funds and Economic Resources) (Guernsey) Ordinance, 2004, the Zimbabwe (Freezing of Funds and Economic Resources) (Alderney) Ordinance, 2004 and the Zimbabwe (Freezing of Funds and Economic Resources) (Sark) Ordinance, 2004, has been amended by Council Implementing Regulation (EU) No 2015/275 with effect from 20 February...

​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 2015/274 with effect from 20 February 2015. The Implementing Regulation is available here: http...

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...

​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...

​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...