News

Sanctions Notice - North Korea

9th March 2017
The EU has expanded on the sanctions regime imposed by Council Regulation (EC) No 329/2007, as implemented in the Bailiwick by the North Korea (Restrictive Measures) (Guernsey) Ordinance, 2007, the North Korea (Restrictive Measures) (Alderney) Ordinance, 2007, and the North Korea (Restrictive Measures) (Sark) Ordinance, 2007. These amendments are automatically and immediately effective in the...

Sanctions Notice - Ukraine

9th March 2017
Council Regulation (EU) 208/2014, as implemented by the Ukraine (Restrictive Measures) (Guernsey) Ordinance 2014, the Ukraine (Restrictive Measures) (Alderney) Ordinance 2014 and the Ukraine (Restrictive Measures) (Sark) Ordinance 2014, has been amended by Council Implementing Regulation (EU) No 2017/ 374. The effect of the amendment, which is automatically effective in the Bailiwick, is to remove...

Sanctions Notice - Belarus

9th March 2017
Council Regulation (EC) No 765/2006, as implemented in the Bailiwick by the Belarus (Freezing of Funds) (Guernsey) Ordinance, 2012, the Belarus (Freezing of Funds) (Alderney) Ordinance, 2012 and the Belarus (Freezing of Funds) (Sark) Ordinance, 2012, has been amended by Council Regulation (EU) No 2017/331. The Regulation is available here: Council Regulation (EU) 2017/331 The effect of the...

Commission Issues Feedback on the Code of Conduct for Authorised Insurance Representatives Consultation

7th March 2017
The Guernsey Financial Services Commission has today issued feedback on comments received on its proposals to amend the Code of Conduct for Authorised Insurance Representatives (“the Code”). The Commission has also published the final version of the Code, which will come into effect on 1 April 2017 - this is available to read via the following link: Code of Conduct for Authorised Insurance...

Sanctions Notice - Terrorism and Crime Law Regulations

6th March 2017
This Notice is issued to advise businesses that the Policy & Resources Committee has made the Terrorism and Crime (Bailiwick of Guernsey) Law, 2002 (Proscribed Organisations) (Amendment) Regulations, 2017. The regulations amend the list of organisations that are proscribed for the purposes of the Terrorism and Crime (Bailiwick of Guernsey) Law, 2002. A copy of the regulations can be found here

Sanctions Notice - ISIL (Da’esh) and Al-Qaida Network

28th February 2017
This Notice is issued further to a previous Sanctions Notice issued in relation to the amendment of the details concerning four individuals (the listed persons) on the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. Please be advised that a corresponding change has now been made to the list maintained by the European...

Sanctions Notice - ISIL (Da’esh) and Al-Qaida Network

24th February 2017
The United Nations Security Council has added four individuals (“the listed persons”) to the list of persons associated with ISIL (Da’esh) and 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: https://www.un.org/press/en/2017...

Sanctions Notice - Terrorism and Terrorist Financing

24th February 2017
HM Treasury has renewed the final designation of three individuals under the Terrorist Asset-Freezing etc. Act 2010. The individuals therefore remain Designated Persons for the purposes of the Act. Details of the individuals are available here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/594303/TAFA_renewal_notice_23022017.pdf Persons who are the subject of a...