Sanctions Notice - Syria

Council Regulation (EC) No 36/2012, as implemented by the Syria (Restrictive Measures) (Guernsey) Ordinance, 2012, the Syria (Restrictive Measures) (Alderney) Ordinance, 2012 and the Syria (Restrictive Measures) (Sark) Ordinance, 2012, has been amended by Council Implementing Regulation (EU) No 2017/480.

The Implementing Regulation is available here:

 Council Implementing Regulation (EU) 2017/480 

The effect of the amendments, which are automatically effective in the Bailiwick, is to add 4 individuals to the list of persons subject to financial sanctions.

MEASURES WHICH SHOULD BE TAKEN

All businesses must check whether they maintain any accounts or otherwise have any kind of relationship with the individuals referred to above or with any other natural or legal persons, entities or bodies designated under the legislation, and must treat any funds or economic resources belonging to, owned, held or controlled by them as frozen with immediate effect if this is not already the case. They must report any findings to the Policy and Resources Committee immediately. Businesses must also refrain from making any funds or economic resources available directly or indirectly to, or for the benefit of, any designated person, entity or body unless authorised by the Policy and Resources Committee.

The information referred to above is required by the Policy and Resources Committee in the exercise of its powers under the Schedule to each of the Ordinances listed above.

Any information or queries should be sent to [email protected] with the subject line “Syria”.

Further information on asset freezes is available on the States of Guernsey website at http://www.gov.gg/sanctions