News

The Guernsey Financial Services Commission welcomes inclusion of Guernsey in UK-Gulf Free Trade Agreement

22nd May 2026
The Commission welcomes the announcement by the States of Guernsey regarding the inclusion of the Bailiwick in the recently concluded Free Trade Agreement between the United Kingdom and the Gulf Cooperation Council (GCC). The agreement, concluded on 20 May 2026, represents a significant development in Guernsey’s international trading position and reflects the ongoing work of the States to ensure...

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

22nd May 2026
Please be advised that the Security Council Committee pursuant to resolutions 1267 (1999), 1989 (2011) and 2253 (2015) concerning ISIL (Da'esh) and Al-Qaida has removed the following individuals from its sanctions list : Majeed Abdul CHAUDHRY QDi.054 Mohammed TUFAIL QDi.056 Mustafa Hajji Muhammad KHAN QDi.306 Hafiz Abdul Salam BHUTTAVI QDi.307 Aamir Ali CHAUDHRY QDi.312 Maulana FAZLULLAH QDi.352...

Sanctions Notice - Russia

21st May 2026
Please be advised that the following entry has been corrected under the Russia (Sanctions) (EU Exit) Regulations 2019 : GBU DO RK DOTs Alyye Parusa (Unique ID: RUS3579) The individual referred to above remain subject to an asset freeze, trust services sanctions and director disqualification sanctions and will appear on the UK sanctions list, which can be found here . The UK regulations are given...

Guernsey performs well in global peer review of reinsurance and risk transfer

21st May 2026
The Bailiwick of Guernsey has achieved a positive result in a recent International Association of Insurance Supervisors (“IAIS”) Peer Review Process (“PRP”) examining how insurers manage their use of reinsurance and other forms of risk transfer. The objective of the IAIS PRP is to provide a point-in-time assessment of a jurisdiction’s supervisory and regulatory frameworks against the IAIS...

Sanctions Notice - Russia

15th May 2026
Please be advised that details in respect of the following individuals/entities, who have been designated under The Russia (Sanctions) (EU Exit) Regulations 2019 , have been amended/varied: Name: Unique ID: EKC.AG RUS2441 Vladimir Viktorovich PLATUNOV RUS2442 Evgeny Viktorovich PROKHNYA RUS2443 LIMITED LIABILITY COMPANY “ZHEMCHUZHINA” RUS3600 The above individuals/entities are still subject to...

Sanctions Notice - Iran (Human Rights)

15th May 2026
Please be advised that the details of the following entries have been amended under the Iran (Sanctions) Regulations 2023 (the UK regulations) : Namiq SALIFOV (Unique ID: IRN0269) Nihat Abdul Kadir ASAN (Unique ID: IRN0270) Reza HAMIDIRAVARI (Unique ID: IRN0271) The above individuals remain subject to an asset freeze, travel ban and director disqualification sanctions and will appear on the UK...

Sanctions Notice - Russia

15th May 2026
Please be advised that the following specification has been revoked from the UK Russia financial sanctions regime. This entity is no longer subject to UK sanctions. MILLEROVO (Unique ID: RUS2605) The UK sanctions list has been updated and can be found here . The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)...

Sanctions Notice - Russia

15th May 2026
Please be advised that the following entries have been corrected under the Russia (Sanctions) (EU Exit) Regulations 2019 : Pavel Valerevich NIKITIN (Unique ID: RUS3515) Dmitriy Evgenievich SHEVCHENKO (Unique ID: RUS3519) The individuals referred to above remain subject to an asset freeze, travel ban, trust services sanctions and director disqualification sanctions and will appear on the UK...

Sanctions Notice - Russia

15th May 2026
Please be advised that details in respect of the following individual: Yulia GURYEVA-MOTLOKHOV (Unique ID: RUS1127) who is designated under The Russia (Sanctions) (EU Exit) Regulations 2019 , have been varied on the UK Sanctions List. The above individual is still subject to an a sset freeze, trust services sanctions, director disqualification sanctions and transport sanctions and a ppears on the...