News

ITI Trade Limited (trading as ITI Trade LTD.) (“the Company”) On 18 July 2022, the Guernsey Financial Services Commission, acting pursuant to powers granted to it under the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020, made an application to the Royal Court for an administration management order in relation to the Company, a company licensed under the...

ITI Trade Limited (“the Company”), Registration No. 59198 NOTICE IS HEREBY GIVEN pursuant to section 82(5)(b) of the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 that at 10am on the 18th day of July 2022 application will be made to the Royal Court for an administration management order in relation to the Company.

Please be advised that the UK authorities have issued a 'Red Alert' on financial sanctions evasion typologies by Russian elites and enablers. The alert is available via Red Alert - Financial Sanctions Evasion Typologies: Russian Elites and Enablers (nationalcrimeagency.gov.uk). Its purpose is to provide information from law enforcement and the legal and financial services sectors on some of the...

On 24 June 2022 the Commission imposed a discretionary financial penalty on Artemis Trustees Limited of £450,000. The above sanction was imposed on Artemis Trustees Limited as a result of their failure to meet the minimum criteria for licensing under The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2020. More details to follow in due...

Please be advised that the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) have been amended by the Republic of Belarus (Sanctions) (EU Exit) (Amendment) Regulations 2022 (the Amending regulations). The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 that have...

Please be advised that the following 6 individuals and 1 entity have been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations): Aleyona Anatolyevna Chuguleva Yuriy Sergeyevich Fedin Darya Aleksandrovna Dugina Yevgeniy Eduardovich Glotov Aelita Leonidovna Mamakova Mikhail Anatolyevich Sinelin United World International The UK regulations are given effect within...

The Commission has become aware of a possible phishing attempt being sent to some of its licensees purporting to be from the Commission. If you have received an email from the Commission and you are unsure of its authenticity, please do not click on any links or attachments and instead forward it to [email protected]. The Commission sends its emails from the domain ending “gfsc.gg” and the email...

Please be advised that 4 individuals and 3 entities have been designated under the Syria (Sanctions) (EU Exit) Regulations 2019 (the UK regulations). The names of these individuals and entities are available here- Notice_Syria_290622.pdf (publishing.service.gov.uk) The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)...

Please be advised that 8 individuals and 5 entities have been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations). The names of these individuals and entities are available here: Notice_Russia_290622.pdf (publishing.service.gov.uk) The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)...