News

The Commission wishes to remind all financial services businesses and prescribed businesses that the 2023 Financial Crime Risk Return (“the FCRR”) is due for submission by 31 October 2023. Firms which are required to complete the FCRR will find it available via the Commission’s Online Submissions Portal . Should you see a FCRR on your firm’s Online Submissions Portal timeline which you do not...

Please be advised that an amendment has been made to the details in respect of Aisha Muammar Muhammed Abu Minyar Qadhafi who is currently designated under the Libya (Sanctions) (EU Exit) Regulations 2020 (the UK regulations) and remains subject to an asset freeze. The revised entry in respect of the person referred to above appears on the consolidated list, which can be found here . The UK...

Please be advised that the United Nations Security Council Committee has removed the following individual from the list of persons who are subject to the ISIL (Da'esh) and Al-Qaida Organisations financial sanctions regime - Walid Hamid Tawfiq Al-Tikriti Further details about this individual are available here: Security Council 1518 Sanctions Committee Removes One Entry from Its Sanctions List | UN...

On the 26th day of September 2023, the Commission imposed a discretionary financial penalty as follows: Mrs Linda Dowding (“Mrs Dowding”) a financial penalty of £40,000. Further, on the above date, the Commission imposed a prohibition as follows: Mrs Dowding is prohibited from holding the position of shareholder, controller, director, partner, manager, money laundering reporting officer and money...

The Commission has today issued in final form guidance for registered directors on their anti-money laundering and counter terrorist financing obligations. No changes have been made to the text from the draft guidance issued on 9 August 2023. Registered directors are remined that the AML/CFT obligations upon them, which are contained in Schedule 3 of the Criminal Justice (Proceeds of Crime) (...

Please be advised that 11 persons have been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) and are now subject to an asset freeze and trusts services sanctions . Details of the persons concerned are available here: Notice_Russia_290923.pdf (publishing.service.gov.uk) The persons referred to above appear on the UK’s consolidated list, which can be found here...

Please be advised that details in respect of Alexei KOZLOV (Group ID: 15924) who is currently subject to an asset freeze and trusts services sanctions have been amended. The individual referred to above appears on the UK’s consolidated list, which can be found here . The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)...

On Monday 25 September and Tuesday 26 September the Commission delivered six presentations regarding the findings from its thematic reviews of Business Risk Assessments and Politically Exposed Persons published on 15 December 2022 and 27 July 2023 respectively. Over 400 people attended the six sessions which spanned two days. The slides from the presentations are available for review here .