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Current sanction regimes

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Information on sanction measures in place with listed regimes.

Regimes are listed alphabetically below:

  • Afghanistan

    • BACKGROUND
    • In response to concerns about the activities within Afghanistan of the Taliban and Usama bin Laden, the UN Security Council adopted Resolution 1267 (1999).  This imposed financial sanctions, travel bans, an arms embargo  and restrictions in connection with the supply, sale and transfer of arms and military equipment  to designated individuals or entities associated with Al-Qaida, Usama bin Laden and/or the Taliban. The EU adopted Council Regulation (EU) No 881/2002 to implement Resolution 1267 (1999) within the EU.
    • Following the death of Usama bin Laden and certain other changes to the situation with regard to the Taliban, on 17 June 2011 the United Nations Security Council adopted Resolutions 1988 (2011) and 1989 (2011). These Resolutions effectively split the existing Al-Qaida and Taliban regime into two, creating one regime in relation to persons associated with Al-Qaida and another country-specific regime for Afghanistan.  The EU subsequently gave effect to the new country-specific regime for Afghanistan by enacting Council Regulation (EU) No. 753/2011 ("the EU Regulation").  Measures imposed by the EU Regulation include targeted financial sanctions and prohibitions on the provision of technical or financial assistance in relation to military activities.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Afghanistan (Restrictive Measures (Guernsey) Ordinance, 2011.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • In addition, the Afghanistan (Restrictive Measures (Guernsey) Ordinance, 2011 contains a reporting obligation applicable to financial services businesses, who must inform the Policy & Resources Committee as soon as practicable if they  know or have reasonable cause to suspect that a person:
      • is a designated person or
      • has committed an offence under the Ordinance
    • and the information or other matter on which the knowledge or reasonable cause for suspicion is based came to them  in the course of carrying on their  business. Where a designated person is a customer of a financial services business, that business must also state the nature and amount or quantity of any funds or economic resources held by it for that customer at the time when it first had the necessary knowledge or suspicion.
    • Failure to comply with this reporting obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that these reporting obligations are in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Afghanistan Sanctions'.
    • Relevant links:
  • Al-Qaida

    • BACKGROUND
    • In response to concerns about the activities within Afghanistan of the Taliban and Usama bin Laden, the UN Security Council adopted Resolution 1267 (1999).  This imposed financial sanctions, travel bans, an arms embargo  and restrictions in connection with the supply, sale and transfer of arms and military equipment  on designated individuals or entities associated with Al-Qaida, Usama bin Laden and/or the Taliban. The EU adopted Council Regulation (EU) No 881/2002 to implement Resolution 1267 (1999) within the EU.
    • Following the death of Usama bin Laden and certain other changes to the situation with regard to the Taliban, on 17 June 2011 the United Nations Security Council adopted Resolutions 1988 (2011) and 1989 (2011). These Resolutions effectively split the existing Al-Qaida and Taliban regime into two, creating one regime in relation to persons associated with Al-Qaida and another country-specific regime for Afghanistan.  The EU subsequently enacted Council Regulation (EU) No. 754/2011 which preserved the existing regime under Council Regulation (EU) No 881/2002 in relation to Al-Qaida. In 2016 the EU enacted Council Regulation (EU) 2016/1686,imposing additional restrictive measures directed against ISIL (Da'esh) and Al-Qaida and natural and legal persons, entities or bodies associated with them. Measures imposed by Council Regulation (EU) No 881/2002 and Council Regulation (EU) 2016/1686 (" the  EU Regulations)" include targeted financial sanctions and prohibitions on the provision of technical or financial assistance in relation to military activities.
    • GUERNSEY LEGISLATION
    • The EU Regulations are implemented in Guernsey by the Al-Qaida (Restrictive Measures (Guernsey) Ordinance, 2013.
    • All persons designated under the EU Regulations are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulations requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulations, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • In addition, the  Al-Qaida (Restrictive Measures (Guernsey) Ordinance, 2013 contains a reporting obligation applicable to financial services businesses, who must inform the Policy & Resources Committee as soon as practicable if they  know or have reasonable cause to suspect that a person:
      • is a designated person or
      • has committed an offence under the Ordinance
    • and the information or other matter on which the knowledge or reasonable cause for suspicion is based came to them  in the course of carrying on their  business. Where a designated person is a customer of a financial services business, that business must also state the nature and amount or quantity of any funds or economic resources held by it for that customer at the time when it first had the necessary knowledge or suspicion.
    • Failure to comply with this reporting obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that these reporting obligations are in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Al-Qaida Sanctions'.
    • Relevant links:
  • Belarus

    • BACKGROUND
    • In response to concerns about violations of international electoral standards in the Presidential elections in Belarus on 19 March 2006 and the subsequent crackdown on civil society and democratic opposition, the EU introduced Council Regulation (EC) No 765/2006 ("the EU Regulation"). Measures imposed by the EU Regulation include targeted financial sanctions and prohibitions on the provision of technical or financial assistance in relation to internal repression and military activities.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Belarus (Freezing of Funds) (Guernsey) Ordinance, 2006.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Belarus Sanctions'.
    • Relevant links:
  • Burma/Myanmar

    • BACKGROUND
    • From 1996 onwards the EU enacted various restrictive measures in response to concern at the absence of progress towards democratisation and at the continuing violation of human rights in Burma/Myanmar. In April 2013, in recognition of certain positive changes and as a means of encouraging them to continue, the EU decided to lift all restrictive measures that had previously been imposed in relation to Burma/Myanmar with the exception of an arms embargo, an embargo on equipment that might be used for internal repression and the provision of certain related services. Therefore Council Regulation (EU) 194/2008 which was then in force was repealed and replaced by Council Regulation (EU) No. 401 /2013  ("the EU Regulation").
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Myanmar/Burma (Restrictive Measures) (Guernsey) Ordinance, 2013.
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Burma/Myanmar Sanctions'.
    • Relevant links:
  • Burundi

    • BACKGROUND
    • In 2015, in response to concerns about activity undermining democracy or obstructing the search for a political solution in Burundi, including by acts of violence, repression or inciting violence and other acts that constitute breaches of international law or serious human rights abuses, the EU introduced Council Regulation (EU) No. 2015/1755 ("the EU Regulation") which imposes targeted financial sanctions directed at natural and legal persons considered responsible for engaging in or supporting this activity.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Burundi (Restrictive Measures) (Guernsey) Ordinance, 2015.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Central African Republic Sanctions'.
    • Relevant links:
  • Central African Republic

    • BACKGROUND
    • In response to concerns about the activities of certain persons engaging in or providing support for acts that undermine the peace, stability or security of the Central African Republic, the UN Security Council adopted Resolution 2127 (2013) and Resolution 2134 (2014), which provide for an arms embargo against the Central African Republic and financial sanctions targeted at certain listed persons.  The EU adopted Council Regulation (EU) No 224/2014 ("the EU Regulation") in order to give effect to the financial sanctions and certain other measures under the UN Security Council Resolutions within the EU. Measures imposed by the EU Regulation include targeted financial sanctions and prohibitions on the provision of technical or financial assistance in relation to military activities.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Central African Republic (Restrictive Measures) (Guernsey) Ordinance, 2014.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service  under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Central African Republic Sanctions'.
    • Relevant links:
  • Democratic Republic of Congo

    • BACKGROUND
    • In response to concerns about the deteriorating situation in the Democratic Republic of the Congo, including  hostilities, violations of human rights, the use of child soldiers and the illicit trade of natural resources,  the UN Security Council enacted Resolution 1493 (2003) and Resolution 1596 (2005). These Resolutions together impose an embargo on the supply of arms and related material as well as the provision of military assistance, advice or training related to military activities to all armed groups and militias operating in certain specified areas, together with travel bans and targeted financial sanctions on certain named individuals.
    • GUERNSEY LEGISLATION
    • UNSCR 1493 (2003) is implemented in Guernsey by the Democratic Republic of the Congo (United Nations Sanctions) (Channel Islands) Order 2003.
    • UNSCR 1596 (2005) is implemented in Guernsey by the Democratic Republic of the Congo (United Nations Sanctions) (Channel Islands) Order 2005.
    • All persons designated under UNSCR 1596 (2005) are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The Democratic Republic of the Congo (United Nations Sanctions) (Channel Islands) Order 2005 contains a reporting obligation applicable to financial services businesses. This provides that a financial services business commits an offence if it fails to disclose knowledge or suspicion that an existing customer (or a  person who at any time since the coming into force of the Order has been its customer or with whom it has had business dealings in that time) is a designated person or has committed  a breach of the financial restrictions under the Order.
    • Reports should be made to HM Procureur.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Investigation Unit under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to HM Procureur.
    • COMPETENT AUTHORITY
    • HM Procureur is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Democratic Republic of Congo Sanctions'.
    • The Policy & Resources Committee can also be contacted using the details at the bottom of this page.
    • Relevant links:
  • Egypt

    • BACKGROUND
    • In 2011, in order to support the emerging democratisation process in Egypt the EU imposed targeted financial sanctions directed at certain natural and legal persons responsible for the misappropriation of Egyptian State funds and certain persons associated with them. These measures were introduced by Council Regulation (EU) No 270/2011 ("the EU Regulation").
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Egypt (Freezing of Funds) (Guernsey) Ordinance, 2011.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service  under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Egypt Sanctions'.
    • Relevant links:
  • Eritrea

    • BACKGROUND
    • In response to concerns that Eritrea had provided support to armed groups undermining peace and reconciliation in Somalia and that it had not withdrawn its forces following clashes with Djibouti, in 2009 the United Nations Security Council enacted Resolution 1097 (2009), which imposed an arms embargo and certain trading restrictions on Eritrea together with travel bans and targeted financial sanctions aimed at the political and military leaders of Eritrea.
    • The EU adopted Council Regulation (EU) No 667/2010 ("the EU Regulation") to give effect to the financial sanctions and certain other measures under Resolution 1097 (2009) within the EU. Measures imposed by the EU Regulation include targeted financial sanctions and prohibitions on exports of equipment for internal repression and on the provision of technical or financial assistance in relation to military activities.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Eritrea (Restrictive Measures) (Guernsey) Ordinance, 2012.
    • To date, no financial sanctions targets have been designated by the relevant UN Sanctions Committee (or therefore by the EU) for the asset freeze, although there are prohibitions on the financing of certain trade activities.
    • Any persons that are designated in the future will be included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful in the event that designations are made under the legislation to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Eritrea Sanctions'.
    • Relevant links:
  • Iran - nuclear proliferation

    • BACKGROUND
    • In response to concerns about nuclear proliferation activity, the UN Security Council enacted Resolution 1737 (2006) and Resolution 1929 (2010). These Resolutions imposed a number of restrictions including targeted financial sanctions directed at persons considered to be engaging in, directly associating with, or providing support for, Iran's proliferation-sensitive nuclear activities or the development of nuclear weapon delivery systems.
    • Between 2007 and 2012, the EU introduced a number of Regulations to implement Resolutions 1737 (2006) and 1929 (2010), and also to implement some additional measures. These measures are currently implemented by Council Regulation (EU) No 267/2012 ("the EU Regulation").
    • Until January 2016 the EU Regulation imposed a range of restrictive measures including import and export bans and related prohibitions on the provision of financing or financial assistance, asset freezes, restrictions on the transfer of funds to and from Iranian parties and specific restrictions relating to Iranian financial institutions.
    • Following the Joint Comprehensive Plan of Action agreed in 2013 by the E3+3 (UK, France, Germany, Russia, China and US) and Iran, together with a further agreement reached in July 2015, many of the restrictive measures were lifted with effect from 16 January 2016. These changes were reflected in amendments to the EU Regulation. Targeted financial sanctions and trade restrictions relating to dual-use equipment and other certain other commodities remain in place.
    • The EU has issued an Information Note containing further information about the Joint Comprehensive Plan of Action and related amendments which is available below. The Policy & Resources Committee is not bound by the Note but will take it into account when considering any question of implementation within the Bailiwick.
    • In order to assist businesses understand the effect of UN measures in relation to Iran, information provided at briefings held in Guernsey in December 2016 is available pdf icon here [1Mb].
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Iran (Restrictive Measures) (Guernsey) Ordinance, 2012.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with these obligations is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Financial Intelligence Service or the Policy & Resources Committee under the EU Regulation.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Iran Sanctions - nuclear proliferation'.
    • Relevant links:
  • Iran - human rights

    • BACKGROUND
    • In 2011, in response to concerns about human rights violations in Iran, the EU introduced Council Regulation (EU) No 359/2011 ("the EU Regulation").  Measures imposed by the EU Regulation include targeted financial sanctions and prohibitions on exports of equipment for internal repression and on the provision of technical or financial assistance in relation to military activities.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Iran (Freezing of Funds) (Guernsey) Ordinance, 2011.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Iran Sanctions - human rights'.
    • Relevant links:
  • Iraq

    • BACKGROUND
    • In 1990, following Iraq's invasion of Kuwait the UN Security Council adopted Resolution 661(1990), which imposed a range of restrictive measures including an asset freeze on the Republic of Iraq. In 2003 the UN Security Council adopted Resolution 1483 (2003), which replaced the existing financial sanctions with a targeted assets freeze directed at all Government of Iraq funds and all funds belonging to Saddam Hussein, senior members of his regime and their immediate family members, and requiring  such funds to be transferred to the Development Fund for Iraq. Resolution 1483 (2003) also lifted all trade sanctions against Iraq except for the arms embargo as well as imposing prohibitions in relation to cultural property and other restricted goods.
    • GUERNSEY LEGISLATION
    • The financial restrictions in place under Resolution 661(1990) and Resolution 1483 (2003) are implemented in Guernsey by the Iraq (United Nations Sanctions) Channel Islands Order 2000.
    • The other restrictions in place under Resolution 661(1990) and Resolution 1483 (2003) are implemented in Guernsey by the Iraq (United Nations Sanctions) Channel Islands Order 2003.
    • Both have been amended by the Iraq (United Nations Sanctions) Channel Islands (Amendment) Order 2004.
    • All persons designated under Resolution 661(1990) are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The Iraq (United Nations Sanctions) (Channel Islands) Order 2000 contains a reporting obligation applicable to financial services businesses. This provides that a financial services business commits an offence if it fails to disclose knowledge or suspicion that an existing customer (or a person who at any time since the coming into force of the Order has been its customer or with whom it has had business dealings in that time) is a designated person or a listed person or has committed a breach of the financial restrictions under the Order.
    • Reports should be made to HM Procureur.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to HM Procureur.
    • COMPETENT AUTHORITY
    • HM Procureur is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Iraq Sanctions'.
    • The Policy & Resources Committee can also be contacted using the details at the bottom of this page.
    • Relevant links:
  • Lebanon and Syria

    • BACKGROUND
    • In 2005, following the terrorist bombing in Beirut, Lebanon that killed, amongst others, former Lebanese Prime Minister Rafiq Hariri, the UN Security Council adopted Resolution 1636 (2005) which imposed travel restrictions and an assets freeze on all individuals suspected of involvement in the planning, sponsoring, organising or perpetrating of the bombing.
    • GUERNSEY LEGISLATION
    • Resolution 1636 (2005) is implemented in Guernsey by the Lebanon and Syria (United Nations Measures) (Channel Islands) Order 2006.
    • To date, no sanctions targets have been designated by the relevant UN Sanctions Committee.
    • Any persons that are designated in the future will be included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation. They should be particularly careful in the event that designations are made under the legislation to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The Lebanon and Syria (United Nations Measures) (Channel Islands) Order 2005 contains a reporting obligation applicable to financial services businesses. This provides that a financial services business commits an offence if it fails to disclose knowledge or suspicion that an existing customer (or a person who at any time since the coming into force of the Order has been its customer or with whom it has had business dealings in that time) is a designated person or a listed person or has committed a breach of the financial restrictions under the Order.
    • Reports should be made to HM Procureur.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to HM Procureur.
    • COMPETENT AUTHORITY
    • HM Procureur is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Lebanon and Syria Sanctions'.
    • The Policy & Resources Committee can also be contacted using the details at the bottom of this page.
    • Relevant links:
  • Libya

    • BACKGROUND
    • In 2011, in response to concerns about the commission of serious human rights abuses against persons in the Libyan Arab Jamahiriya and attacks in violation of international law, including aerial bombardments on civilian populations and facilities the UN Security Council adopted Resolution 1970 (2011) which provided for an arms embargo and related prohibitions, travel bans, targeted financial sanctions and restrictions in relation to the illicit exportation of crude oil.
    • The EU adopted Council Regulation (EU) No 204/2011 and successor amending Regulations to give effect to measures under the UN Security Council Resolutions within the EU and to implement some additional measures. In 2016 the EU consolidated these measures by repealing and replacing them by Council Regulation (EU) 2016/44 ("the EU Regulation"). Measures imposed by the EU Regulation include targeted financial sanctions, prohibitions on exports of equipment for internal repression and on the provision of technical or financial assistance in relation to military activities, specific customs notification requirements and restrictions on the transportation of oil.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Libya (Restrictive Measures) (Guernsey) Ordinance, 2016.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Libya Sanctions'.
    • Relevant links:
  • Mali

    • BACKGROUND
    • In 2017, in response to concerns about the slow progress in the implementation of the Agreement on Peace and Reconciliation in Mali, the repeated violation of ceasefire arrangements by certain armed groups on the Kidal and Menaka regions, the expansion of terrorist and other criminal activities into Central and Southern Mali and the intensification of criminal activities such as drug trafficking and trafficking in persons in Mali. the United Nations Security Council enacted Resolution 2374 (2017). This  imposed travel bans and targeted financial sanctions aimed at those responsible for or complicit in actions or policies threatening the peace, security or stability of Mali.
    • The EU adopted Council Regulation (EU) No 2017/1770  ("the EU Regulation") to give effect to the targeted financial sanctions under Resolution 2374 (2017) within the EU.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Mali (Restrictive Measures) (Guernsey) Ordinance, 2017.
    • To date, no financial sanctions targets have been designated by the relevant UN Sanctions Committee (or therefore by the EU) for the purposes of the targeted financial sanctions. Any persons that are designated in the future will be included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Mali Sanctions'.
    • Relevant links:
  • North Korea

    • BACKGROUND
    • In 2006, in response to concerns about nuclear testing carried out by North Korea and the threat this posed to international peace and security, the UN Security Council adopted Resolution 1718 (2006) which provided for ban on the export of certain goods and technology, prohibitions on the provision of related financial and other services, other import and export restrictions and targeted financial sanctions.
    • The EU adopted Council Regulation (EU) No 329/2007 and successor amending Regulations to give effect to measures under the UN Security Council Resolution within the EU and to implement some additional measures. In 2017 the EU consolidated these measures by repealing and replacing them by Council Regulation (EU) 2017/1509 ("the EU Regulation").
    • The measures in place under the EU Regulation include import and export restrictions and prohibitions on the supply of certain goods and services. There are also various financial restrictions which include targeted financial sanctions and restrictions on the transfer of funds, as well as specific restrictions relating to the sale or purchase of bonds, the provision of brokering services, the acquisition of ownership interests in a North Korea or North Korean owned/controlled entity, joint ventures with designated persons, the provision of financial support for trade with North Korea and the establishment of business relationships with North Korean financial institutions. There are also specific requirements in relation to customer due diligence and record keeping.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the North Korea (Restrictive Measures) (Guernsey) Ordinance, 2017.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • In order to assist businesses understand the effect of UN measures in relation to North Korea, information provided at briefings held in Guernsey in December 2016 is available pdf icon here [1Mb].
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen. In addition, financial services businesses must immediately report to the Policy & Resources Committee any transactions which involve the transfer by third parties of funds to frozen accounts.
    • The EU Regulation also contains a reporting obligation specifically applicable to financial services businesses, who must, if they suspect or have reasonable grounds to suspect that funds are related to proliferation financing, promptly report their suspicions to the Financial Intelligence Service.
    • Failure to comply with these obligations is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that these obligations are in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'North Korea Sanctions'.
    • Relevant links:
  • Republic of Guinea

    • BACKGROUND
    • In 2009, in response to concerns about the activities of members of the National Council for Democracy and Development and individuals associated with them who were responsible for the violent repression within the Republic of Guinea, the EU adopted Council Regulation (EU) No 1284/2009 ("the EU Regulation"). The EU Regulation imposes targeted financial sanctions against certain persons.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Republic of Guinea (Restrictive Measures) (Guernsey) Ordinance, 2012.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Republic of Guinea Sanctions'.
    • Relevant links:
  • Republic of Guinea-Bissau

    • BACKGROUND
    • In response to concerns about the activities of certain persons threatening the peace, security or stability of the Republic of Guinea-Bissau, (particularly those who played a leading role in the mutiny of 1 April 2010 and the Coup d'Etat of 12 April 2012 and whose actions continue to be aimed at undermining the rule of law and the primacy of civilian power, and furthering instability in the country) in 2012 the EU introduced by Council Regulation (EU) No 377/2012 ("the EU Regulation"). The EU Regulation imposes targeted financial sanctions.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Republic of Guinea-Bissau (Restrictive Measures) (Guernsey) Ordinance, 2012.
    • To date, no financial sanctions targets have been designated by the relevant UN Sanctions Committee (or therefore by the EU) for the asset freeze, although there are prohibitions on the financing of certain trade activities.
    • Any persons that are designated in the future will be included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure in the event that designations are made under the legislation that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires designated persons immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Republic of Guinea-Bissau Sanctions'.
    • Relevant links:
  • Republic of Maldives

    • BACKGROUND
    • In response to concern about the situation in the Republic of Maldives (the Maldives), the EU has published Council Regulation (EU) 2018/1001. This sets out restrictive measures, including an asset freeze, applicable to listed persons responsible for undermining the rule of law or obstructing an inclusive political process in the Maldives, as well as those responsible for serious human rights violations or abuses there.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Republic of Maldives (Restrictive Measures) (Guernsey) Ordinance, 2018.
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to designated persons, entities or bodies. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation.
    • To date, no designations have been made by the EU for the purposes of the targeted financial sanctions. Any persons that are designated in the future will be included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below). In those circumstances businesses should be careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with these obligations is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that these obligations are in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line ' Maldives Sanctions'.
    • Relevant links:
  • Russia

    • BACKGROUND
    • In response to concerns about Russia's actions in destabilizing the situation in the Ukraine, in 2014 the EU introduced Council Decision 2014/512/CFSP ("the EU Decision") and Council Regulation (EU) No 833/2014 ("the EU Regulation"). Measures imposed by the EU Decision and the EU Regulation include an arms embargo and prohibitions on the provision of related goods and services, prohibitions and restrictions in relation to energy -related equipment and technologies, prohibitions on the buying or selling of certain bonds, equity, or similar financial instruments and prohibitions on providing credit to certain parties.
    • GUERNSEY LEGISLATION
    • The EU Decision and the EU Regulation are implemented in Guernsey by the Russian Federation (Restrictive Measures) (Guernsey) Ordinance, 2014.
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation.
    • COMPETENT AUTHORITY
    • The Committee for Home Affairs is the competent authority for issuing licences.
    • In all other respects the Policy & Resources Committee is the competent authority in relation to these sanctions. Any queries should be sent in the first instance to sanctions@gov.gg with the subject line 'Russia Sanctions'.
    • FURTHER INFORMATION
    • The EU has issued a guidance note on the implementation of certain provisions of Regulation (EU) No 833/2014 which is available via the link below. The Policy & Resources Committee is not bound by this guidance but may take it into account.
    • Relevant links:
  • Somalia

    • BACKGROUND
    • In 2002, in response to the civil war and humanitarian crisis in Somalia, UN Security Council adopted Resolution 1425 (2002), which added to an existing arms embargo by imposing  a prohibition on the financing of arms acquisitions and the indirect sale and supply of technical advice and military training to any person in Somalia.
    • In 2008, in response to concerns about the increase in acts of piracy and armed robbery at sea against vessels off the coast of Somalia, and the role of piracy in financing embargo violations, the UN Security Council adopted Resolution 1844 (2008) which introduced targeted financial sanctions and other restrictions directed at certain named persons. The EU adopted Council Regulation (EU) No 356/2010  ("the EU Regulation") to give effect to  Resolution 1844 (2008) within the EU.
    • GUERNSEY LEGISLATION
    • The restrictions in place under Resolution 1425(2002) are implemented in Guernsey by the Somalia (United Nations Sanctions) Channel Islands Order 2002.
    • The restrictions under the EU Regulation are implemented in Guernsey under the Somalia (Restrictive Measures) (Guernsey) Ordinance, 2012.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires designated persons immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • HM Procureur is the competent authority and licensing authority in relation to sanctions under the Somalia (United Nations Sanctions) Channel Islands Order 2002. The Policy & Resources Committee is the competent authority and licensing authority in relation to sanctions under the Somalia (Restrictive Measures) (Guernsey) Ordinance, 2012. Any queries should be sent to sanctions@gov.gg with the subject line 'Somalia Sanctions'.
    • The Policy & Resources Committee can also be contacted using the details at the bottom of this page.
    • Relevant links:
  • South Sudan

    • BACKGROUND
    • In January 2004, in response to concerns about the activities of certain persons in the Darfur region, the EU imposed an arms embargo on Sudan and adopted Regulation (EC) No 131/2004 to implement certain related measures. In July 2004 the UN Security Council adopted Resolution 1556 (2004) imposing an arms embargo on Sudan,  and in 2005the UN Security Council adopted  Resolution 1591 (2005) which imposed targeted financial sanctions and certain other restrictions on those who were impeding the peace process, who constituted a threat to stability in Darfur and the region, who committed violations of international humanitarian or human rights law or other atrocities, who violated the arms embargo or were responsible for certain offensive military flights in and over the Darfur region.The EU adopted Council Regulation (EC) No 1184/2005 to repeal and replace the EU measures that had previously been enacted  and to give effect to Resolution 1591 (2005) within the EU.
    • In 2014, in order to reflect the creation of South Sudan as a separate state, the EU repealed Council Regulation (EC) No 1184/2005 and replaced it with two separate regimes for Sudan and South Sudan. The regime for South Sudan was implemented by Council Regulation (EU) No 748/2014.
    • In 2015 the United Nations Security Council adopted Resolution 2206 (2015), which imposed  restrictions on admission and the freezing of funds and economic resources of certain persons responsible for, complicit in or having engaged in, directly or indirectly, actions or policies threatening  the peace, security or stability of South Sudan. The EU adopted Council Regulation (EU) No 2015/735 ("the EU Regulation")  to replace  Council Regulation (EU) No 748/2014 and give effect to Resolution 2206 (2015) within the EU.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the South Sudan (Restrictive Measures) (Guernsey) Ordinance, 2015.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires designated persons immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'South Sudan Sanctions'.
    • Relevant links:
  • Sudan

    • BACKGROUND
    • In January 2004, in response to concerns about the activities of certain persons in the Darfur region, the EU imposed an arms embargo on Sudan and adopted Regulation (EC) No 131/2004 to implement certain related measures. In July 2004 the UN Security Council adopted Resolution 1556 (2004) imposing an arms embargo on Sudan,  and this was followed in 2005 by Resolution 1591 (2005) which imposed targeted financial sanctions and certain other restrictions on those who were impeding the peace process, who constituted a threat to stability in Darfur and the region, who committed violations of international humanitarian or human rights law or other atrocities, who violated the arms embargo or were responsible for certain offensive military flights in and over the Darfur region.The EU adopted Council Regulation (EC) No 1184/2005 to repeal and replace the EU measures that had previously been enacted  and to give effect to Resolution 1591 (2005) within the EU.
    • In 2014, in order to reflect the creation of South Sudan as a separate state, the EU repealed Council Regulation (EC) No 1184/2005 and replaced it with two separate regimes for Sudan and South Sudan. The regime for Sudan is implemented by Council Regulation (EU) No 747/2014 ("the EU Regulation").
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Sudan (Restrictive Measures) (Guernsey) Ordinance, 2014.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires designated persons immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Sudan Sanctions'.
    • Relevant links:
  • Syria

    • BACKGROUND
    • In 2011, in response to concerns about the violent acts of oppression against civilians, the EU adopted Council Regulation (EU) No 442/2011 which imposed a number of restrictive measures.
    • Council Regulation (EU) No 442/2011 was subsequently repealed and replaced by Council Regulation (EU) No 36/2012 ("the EU Regulation"). Measures imposed by the EU Regulation include prohibitions on exports of equipment for internal repression and on the provision of technical or financial assistance in relation to military activities, prohibitions in relation to the supply or purchase of a wide range of items, restrictions on participation in infrastructure projects and transport, restrictions on financing certain enterprises and targeted financial sanctions.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Syria (Restrictive Measures) (Guernsey) Ordinance, 2012.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Committee for Home Affairs is the competent authority for the purposes of authorisations in respect of the export of dual-use items. Otherwise the Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Syria Sanctions'.
    • Relevant links:
  • Tunisia

    • BACKGROUND
    • In 2011, in order to support the emerging democratisation process in Tunisia the EU introduced Council Regulation (EU) No 101/2011 ("the EU Regulation"). The EU Regulation imposes targeted financial sanctions directed at certain natural and legal persons responsible for the misappropriation of Tunisian State funds and persons associated with them.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Tunisia (Freezing of Funds) (Guernsey) Ordinance, 2011.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Tunisia Sanctions'.
    • Relevant links:
  • Ukraine - misappropriation of funds and human rights

    • BACKGROUND
    • In 2014, in order to consolidate and support the rule of law and respect for human rights in Ukraine the EU introduced Council Regulation (EU) No 208/2014 ("the EU Regulation"). The EU Regulation imposes targeted financial sanctions directed at certain natural and legal persons associated with the former regime considered responsible for  the misappropriation of Ukrainian State funds and human rights violations.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Ukraine (Restrictive Measures) (Guernsey) Ordinance, 2014.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Ukraine Sanctions - misappropriation of funds and human rights'.
    • Relevant links:
  • Ukraine - territorial integrity

    • BACKGROUND
    • In 2014, in response to concerns about the activity undermining or threatening the territorial integrity, sovereignty and independence of Ukraine, the EU introduced Council Regulation (EU) No 269/2014 ("the EU Regulation"). The EU Regulation imposes travel bans and targeted financial sanctions directed at certain named persons.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Territorial Integrity etc. of Ukraine (Restrictive Measures) (Guernsey) Ordinance, 2014.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Ukraine Sanctions - territorial integrity'.
    • Relevant links:
  • Ukraine - Crimea and Sevastopol

    • BACKGROUND
    • In 2014, in response to the annexation of Crimea and Sevastopol to the Russian Federation, the EU introduced Council Regulation (EU) No 692/2014 ("the EU Regulation"). The measures in place under the EU Regulation include prohibitions on investment in Crimea or Sevastopol, prohibitions on the provision of tourism services in Crimea or Sevastopol and on cruise ships calling at ports in the Crimean peninsula, import and export restrictions and the prohibition of the provision of brokering, construction or engineering services.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Crimea and Sevastopol (Restrictive Measures) (Guernsey) Ordinance, 2014.
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Ukraine Sanctions - Crimea and Sevastopol'.
    • Relevant links:
  • Venezuela

    • BACKGROUND
    • In 2017, in response to concerns about the continuing deterioration of democracy, the rule of law and human rights in Venezuela, the EU adopted Council Regulation (EU) No 2017/2063 ("the EU Regulation"), which imposes targeted financial sanctions, an embargo on exporting to Venezuela arms, surveillance equipment or equipment that could be used for domestic repression, and prohibitions on providing related technical or financial assistance.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Venezuela (Restrictive Measures) (Guernsey) Ordinance, 2017.
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation.
    • To date, no designations have been made by the EU for the purposes of the targeted financial sanctions. Any persons that are designated in the future will be included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below). In those circumstances businesses should be careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with these obligations is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that these obligations are in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line ' Venezuela Sanctions'.
    • Relevant links:
  • Yemen

    • BACKGROUND
    • In 2014, in response to concern about terrorist activities in Yemen, including attacks against civilians, oil, gas and electricity infrastructure and against military and security facilities, the UN Security Council adopted Resolution 2140 (2014) imposing restrictions directed at certain named persons.
    • The EU introduced Council Regulation (EU) No 1352/2014 ("the EU Regulation") to give effect to Resolution 2140 (2014) within the EU and to impose additional measures.  The measures in place under the EU Regulation include targeted financial sanctions, together with prohibitions on the provision of technical or financial assistance in relation to military activities.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Yemen (Restrictive Measures) (Guernsey) Ordinance, 2014.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Yemen Sanctions'.
    • Relevant links:
  • Zimbabwe

    • BACKGROUND
    • In 2004, in response to concern about the situation in Zimbabwe and in particular about serious violations of human rights by the Government of Zimbabwe, including violations of the freedoms of opinion, of association and of peaceful assembly, the EU repealed existing restrictive measures in place in relation to Zimbabwe and introduced by Council Regulation (EC) No 314/2004 ("the EU Regulation"). Measures imposed by the EU Regulation include targeted financial sanctions and prohibitions on exports of equipment for internal repression and on the provision of technical or financial assistance in relation to military activities.
    • GUERNSEY LEGISLATION
    • The targeted financial sanctions under the EU Regulation are implemented in Guernsey by the Zimbabwe (Freezing of Funds and Economic Resources) (Guernsey) Ordinance, 2004. The remaining restrictions under the EU Regulation are implemented in Guernsey by the Zimbabwe (Sale, Supply, Export, Financing and Financial Assistance and Shipment of Equipment) (Penalties and Licences) (Guernsey) Ordinance, 2004.
    • All persons designated under the EU Regulation are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below).
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the legislation and should check whether they have any business relationships, maintain any accounts or otherwise hold any funds or economic resources that relate to prohibited activities. They must put all necessary policies and procedures in place to ensure that they comply with the prohibitions under the legislation and should be particularly careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with this obligation is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Zimbabwe Sanctions'.
    • Relevant links:
  • Chemical Weapons

    • BACKGROUND
    • In 2018, in response to concern about the proliferation and use of chemical weapons, the EU enacted Council Regulation (EU) 2018/1542 ("the EU Regulation"). The EU Regulation imposes a travel ban and targeted financial sanctions aimed at those who are responsible for, provide financial, technical or material support for, or are otherwise involved in, manufacturing or using chemical weapons or engaging in preparations for the use of chemical weapons, as well as those who assist or encourage such activities.
    • GUERNSEY LEGISLATION
    • The EU Regulation is implemented in Guernsey by the Chemical Weapons (Restrictive Measures) (Guernsey) Ordinance, 2018.
    • To date, no designations have been made by the EU for the purposes of the targeted financial sanctions. Any persons that are designated in the future will be included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website (see link below). In those circumstances businesses should be careful to ensure that they treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and that they refrain from making any funds or economic resources available directly or indirectly to any designated person without the consent of the licensing authority.
    • REPORTING OBLIGATIONS
    • The EU Regulation requires all natural and legal persons, entities and bodies, immediately to supply the Policy & Resources Committee with any information that would facilitate compliance with the EU Regulation, including information in respect of any accounts and amounts frozen.
    • Failure to comply with these obligations is a criminal offence punishable with imprisonment and/or a fine.
    • It is important to be aware that these obligations are in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Intelligence Service under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Chemical Weapons Sanctions'.
    • Relevant links:
  • Terrorist Financing

    • BACKGROUND
    • Following the terrorist attacks of 11 September 2001, the UN Security Council adopted Resolution 1373 (2001).  It denounced terrorism and required members to deny all forms of financial support for those who participate in terrorist acts; to deny the provision of safe havens or support for terrorists; and to share information about any groups practising or planning terrorist acts with other governments.
    • The EU adopted Council Regulation (EU) No 2580/2001 to implement Resolution 1373 (2001) within the EU. It provides for targeted financial sanctions applicable to listed persons suspected of involvement in terrorism.
    • The UK enacted the Terrorist Asset-Freezing etc. Act 2010 to implement Resolution 1373 (2001) in the UK. It provides for targeted financial sanctions applicable to persons designated by the EU under Council Regulation (EU) No 2580/2001 and also to persons designated by HM Treasury.
    • GUERNSEY LEGISLATION
    • Resolution 1373 (2001) has been given effect in the Bailiwick by the Terrorist Asset-Freezing (Bailiwick of Guernsey) Law, 2011 ("2011 Law'), which imposes financial sanctions on designated persons. A designated person is defined at section 1 as:
      • a natural or legal person, group or entity included in the list provided for by Council Regulation (EU) No 2580/2001.
      • a person designated by the Treasury under section 2 of the Terrorist Asset Freezing etc. Act 2010, or.
      • a person designated by the Policy & Resources Committee, or
    • In order to exercise its powers of designation, the Policy & Resources Committee must first reasonably suspect that the potential designation target is:
      • involved in terrorist activity, or
      • owned or controlled directly or indirectly by a person involved in terrorist activity, or
      • acting on behalf of or at the direction of a person involved in terrorist activity.
    • In addition, the Policy & Resources Committee must consider it is necessary that financial restrictions should be applied in relation to the relevant person for purposes connected with protecting members of the public from terrorism.
    • The Policy & Resources Committee will consider making designations on the basis of information provided by third parties including the authorities of other jurisdictions.
    • Any person who wishes to provide information relating to a possible designation by the Policy & Resources Committee should contact the Regulatory and Financial Crime Policy Team of the Policy & Resources Committee at the address below.
    • There are currently no designations by the Policy & Resources Committee under section 1 of the 2011 Law. Any persons that may be designated will be added to the list which is available to downloard pdf icon here [204kb].
    • All persons designated under the Terrorist Asset Freezing etc. Act 2010 or Council Regulation (EU) No 2580/2001 are included in the regime -specific list and the consolidated list of individuals and entities targeted by sanctions on the HM Treasury website.
    • PROHIBITIONS
    • The prohibitions imposed by the 2011 Law are as follows:
      • Dealing with funds or economic resources owned, held or controlled by a designated person, knowing or having reasonable cause to suspect such funds or economic resources are being dealt with (Section 9)
      • Making funds or financial services available (directly or indirectly) to a designated person, knowing or having reasonable cause to suspect the funds or financial services are being made so available (section 10)
      • Making funds or financial services available to any person for the benefit of a designated person, knowing or having reasonable cause to suspect the funds or financial services are being made so available (section 11)
      • Making economic resources available (directly or indirectly) to a designated person, knowing or having reasonable cause to suspect that the economic resources are being made so available, and that the designated person would be likely to exchange the economic resources, or use them in exchange, for funds, goods or services (section 12)
      • Making economic resources available to any person for the benefit of a designated person, knowing or having reasonable cause to suspect that the economic resources are being made so available (section 13)
      • Intentionally participating in activities, knowing that the object or effect of such activities (whether directly or indirectly), is to circumvent or facilitate the contravention of any of the above prohibitions (section 16)
    • Under section 14, these prohibitions are subject to certain exceptions, such as payments due under contracts, agreements or obligations that were concluded or arose before the account became a frozen account, and payment of social security benefits.
    • A breach of any of these prohibitions is a criminal offence punishable by imprisonment and/or a fine.
    • Financial institutions and other bodies and persons in Guernsey should be aware of the prohibitions under the 2011 Law and should put all necessary policies and procedures in place to ensure that they both treat all accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen and refrain from making any funds or economic resources available directly or indirectly to any designated person (except for transactions that have been licensed by the Policy & Resources Committee).
    • REPORTING OBLIGATIONS
    • The 2011 Law  contains a reporting obligation at section 17 applicable to financial services businesses, who must inform the Policy & Resources Committee as soon as practicable if they  know or have reasonable cause to suspect that a person:
      • is a designated person or
      • has committed an offence under sections 9 to 13, section 15 or section 16
    • and the information or other matter on which the knowledge or reasonable cause for suspicion is based came to them  in the course of carrying on their  business. Where a designated person is a customer of a financial services business, that business must also state the nature and amount or quantity of any funds or economic resources held by it for that customer at the time when it first had the necessary knowledge or suspicion.
    • Failure to comply with the reporting obligation is a criminal offence punishable with imprisonment and/or a fine. 
    • It is important to be aware that this obligation is in addition to the obligation to report suspicion of money laundering and/or terrorism financing to the Financial Investigation Unit under the Disclosure (Bailiwick of Guernsey) Law 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Law 2002. If dealings involving a designated person give rise to knowledge or suspicion that another person is engaged in money laundering or terrorist financing, or reasonable grounds for such knowledge or suspicion, a disclosure should be made in the form and manner prescribed by the Disclosure (Bailiwick of Guernsey) Regulations 2007 and the Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007, in addition to any report to the Policy & Resources Committee.
    • COMPETENT AUTHORITY
    • The Policy & Resources Committee is the competent authority for the purposes of these sanctions. Any queries should be sent to sanctions@gov.gg with the subject line 'Terrorist Financing'.
    • The Regulatory and Financial Crime Policy Team of the Policy & Resources Committee can also be contacted using the following details:
    • Regulatory and Financial Crime Policy Team
      Sir Charles Frossard House
      La Charroterie
      St Peter Port
      Guernsey
      GY1 1FH
      Channel Islands
    • Tel: +44 1481 717000
      Fax: +44 1481 717000
    • For further information on measures against terrorism please follow this link.

The Policy & Resources Committee can be contacted at::

Regulatory and Financial Crime Policy Team
Sir Charles Frossard House
La Charroterie
St Peter Port
Guernsey
GY1 1FH
Channel Islands

Tel: +44 1481 717000
Fax: +44 1481 717000

Email: sanctions@gov.gg

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