News

Please be advised that 10 individuals and 4 entities have been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations). Details of the individuals and entities are available here - Notice_Russia_120423.pdf. The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020...

Please be advised that an amendment has been made to the details in respect of Vitaliy Nikolayevich KOVALEV who is currently designated under the Cyber (Sanctions) (EU Exit) Regulations 2020 (the UK regulations) and remain subject to an asset freeze. The amended entry in respect of the individual referred to above appears on the consolidated list, which can be found here . The UK regulations are...

Please be advised that revisions have been made to the details in respect of Volodymir Vasilyovich SALDO Vladimir Konstantinovich MARKOV both of whom are currently designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) and remain subject to an asset freeze. The revised entry in respect of each of the individuals referred to above appears on the consolidated list...

Guernsey Funds   The total net asset value of Guernsey funds decreased over the quarter by £11.1 billion (-3.7%).  Over the past year, total net asset values have decreased by £12.0 billon (-3.9%).  Open-ended Schemes   Within these totals, Guernsey domiciled open-ended funds decreased over the quarter by £2.8 billion (-5.3%) to £50.8 billion.  This represents a decrease of £3.7 billion (-6.9%) in...

Today a consultation paper has been issued on proposed amendments to Paragraphs 3 and 15 of Schedule 3 to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 as amended (“Schedule 3 to the Law”) and associated rules and guidance in the Handbook on Countering Financial Crime and Terrorist Financing in relation to an independent audit function and on business risk assessments...

Please be advised that the UK has now designated all persons designated under the Financial Sanctions Regime for the purposes of the prohibition on providing trust services. NB: This prohibition does not apply to the provision of trust services in cases where an asset freeze is in place. The UK Russia regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK...

Please be advised that an amendment has been made in respect of Ashraf Said Ahmed Hussein ALI who is currently designated under the Global Human Rights (Sanctions) (EU Exit) Regulations 2021 (the UK regulations) and who remains subject to an asset freeze. The amended entry in respect of the individual referred to above appears on the consolidated list, which can be found here . The UK regulations...

Please be advised that an amendment has been made in respect of Alexey Viktorovich Kuzmichev who is currently designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) and who remains subject to an asset freeze. The amended entry in respect of the individual referred to above appears on the consolidated list, which can be found here . Please also be advised that...