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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
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Afghanistan (Sanctions) (EU Exit) Regulations 2020 (" the UK
> Regulations") to give effect to various United Nations Security Council
> Resolutions imposing a sanctions regime in view of the situation in
> Afghanistan. These include UN Security Council Resolution 2255 (2017)
> adopted by the Security Council on 21 December 2015 (and previously UN
> Security Council Resolution 1988 (2011). The UK Regulations replace the
> EU sanctions regime relating to Afghanistan which was previously
> implemented in the UK by an EU Council Decision and Regulation.
>
> The effect of the UK Regulations is that persons designated by the UN as
> associated with the Taliban in constituting a threat to the peace,
> stability and security of Afghanistan are designated for the purposes of
> financial restrictions, trade restrictions and travel bans under the UK
> Regulations. The restrictions under the UK Regulations are subject to
> exemptions applicable to certain transactions or activities, and also do
> not apply to anything that is permitted under a licence granted by the
> authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the UN
> measures since their inception, either directly or by implementing the
> corresponding EU regime. As a result of Brexit, this legislation has been
> replaced by the Sanctions (Implementation of UK Regimes) (Bailiwick of
> Guernsey) (Brexit) Regulations, 2020 ("the 2020 regulations"), which
> implement the UK Regulations.
>
> Any addition to the UN list of designated persons is automatically
> effective under the UK Regulations as soon as it is made, and is
> therefore immediately effective in the Bailiwick.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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.
>
> OUTREACH
>
> Members of the Sanctions Committee, including the Policy & Resources
> Committee, Guernsey Law Enforcement, the GFSC and the Law Officers
> Chambers, regularly provide outreach in relation to sanctions. In the
> first quarter of 2017 the Policy and Resources Committee, in liaison with
> the Sanctions Committee, held a conference with international speakers on
> International Terrorist Financing: Risk Awareness and Mitigation for
> businesses in Guernsey. The slides here [18kb] articulate messages which
> have routinely been issued by member authorities of the Sanctions
> Committee to the private sector.Information provided at briefings for the
> private sector by the Policy & Resources Committee, in liaison with the
> Sanctions Committee, in Guernsey in May 2023 is available here [265kb].
> Information provided at briefings for the private sector by the Policy &
> Resources Committee, in liaison with the Sanctions Committee, in Guernsey
> in August 2023 is available here [8Mb] . The slides for the Terrorist
> Financing briefings conducted by RUSI in March 2024 can be found here
> [678kb]. Changes to designations are uploaded here as soon as they are
> made.
>
> COMPETENT AUTHORITY
>
> Under the 2020 regulations the Policy & Resources Committee is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line 'Afghanistan
> Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * (REPUBLIC OF) BELARUS
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (" the UK
> Regulations") for the purpose of encouraging the Government of Belarus:
> to respect democratic principles and institutions, the separation of
> powers and the rule of law; to refrain from the repression of civil
> society in Belarus; to properly investigate and institute criminal
> proceedings against those responsible for the disappearance of four
> persons named in the UK Regulations; and to comply with international
> human rights law and to respect human rights.
>
> The UK Regulations enable the Secretary of State to designate persons
> involved in: conduct enabling or facilitating the disappearance of the
> four persons named in the UK Regulations, or the failure to investigate
> properly and institute criminal proceedings against the persons
> responsible for those disappearances; the commission of a serious human
> rights violation or abuse in Belarus; the repression of civil society or
> democratic opposition in Belarus; or other actions, policies or
> activities which undermine democracy or the rule of law in Belarus.
> Designated persons may be made subject to travel bans or financial
> sanctions, including having their funds and/or economic resources frozen.
>
> The UK Regulations also impose trade restrictions on certain goods and
> technology, namely military goods and military technology and other goods
> and technology which may be used to repress the civilian population of
> Belarus.
>
> The UK Regulations replace the EU sanctions regime in relation to the
> Republic of Belarus that was previously implemented in the UK via an EU
> Council Decision and Regulation.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to the Republic of Belarus since its inception.
> As a result of Brexit, this legislation has been repealed and replaced by
> the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 ("the 2020 regulations"), which implement the
> UK Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing financial licences and the Committee for
> Home Affairs is the competent authority for issuing trade licences. Any
> queries should be sent to policyandresources@gov.gg with the subject line
> 'Belarus Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
> The Airport Operators (Republic of Belarus) (Sanctions) (Bailiwick of
> Guernsey) Direction, 2022 [286kb]
>
>
> * BOSNIA & HERZEGOVINA
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Bosnia and Herzegovina (Sanctions) (EU Exit) Regulations 2020 (" the UK
> Regulations") to replace the EU sanctions regime relating to Bosnia and
> Herzegovina that was previously implemented in the UK by an EU Council
> Decision.
>
> The UK Regulations enable the Secretary of State to designate persons who
> are, or have been, involved in undermining or threatening the
> sovereignty, territorial integrity, international personality or
> constitutional order of Bosnia and Herzegovina; undermining or
> threatening the peace, stability or security of Bosnia and Herzegovina;
> obstructing the implementation of or otherwise undermining the
> commitments contained in the Dayton/Paris General Framework Agreement for
> Peace.
>
> Designated persons may be made subject to travel bans and financial
> sanctions, including having their funds and/or economic resources frozen.
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The UK Regulations are implemented in the Bailiwick by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"). All persons designated under
> the UK Regulations are included in the regime -specific list and the
> consolidated list of individuals and entities targeted by sanctions on
> the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line 'Bosnia &
> Herzegovina Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * BURUNDI
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Burundi (Sanctions) (EU Exit) Regulations 2019 (" the 2019 UK
> Regulations") for the purpose of encouraging the Government of Burundi
> to: respect democratic principles and institutions and the rule of law;
> refrain from the repression of civil society; search for a peaceful
> solution to the political situation in Burundi and comply with
> international human rights law and to respect human rights. The 2019 UK
> Regulations replaced the EU sanctions regime in relation to Burundi
> previously in force in the UK under an EU Council Decision and
> Regulation.
>
> In December 2021, the UK repealed the 2019 UK Regulations and replaced
> them with the Burundi (Sanctions) Regulations 2021 ("the UK
> Regulations"). In the new regulations, the provisions setting out the
> purposes of the sanctions measures no longer include the purpose of
> encouraging the Government of Burundi to participate in negotiations with
> its political opponents in good faith to bring about a peaceful solution
> to the political situation there, and a designation criteria related to
> that purpose has also been removed. This has been done following the
> change of President in Burundi as a result of the elections in May 2020.
>
> The UK Regulations enable the Secretary of State to designate persons who
> are subject to travel bans and financial sanctions, including having
> their funds and/or economic resources frozen. The restrictions under the
> UK Regulations are subject to exemptions applicable to certain
> transactions or activities, and also do not apply to anything that is
> permitted under a licence granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime in relation to Burundi since its inception. As a result
> of Brexit, this legislation was repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> In December 2021, the Bailiwick introduced the Sanctions (Implementation
> of UK Regimes) (Bailiwick of Guernsey) (Brexit) (Amendment - Burundi)
> Regulations, 2021. These regulations amend the 2020 regulations in order
> to give effect within the Bailiwick to changes to the sanctions regime in
> the United Kingdom. The changes comprise the introduction by the United
> Kingdom of the Burundi (Sanctions) Regulations 2021 and the repeal of the
> Burundi (Sanctions) (EU Exit) Regulations 2019.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below)
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line 'Burundi
> Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
> The Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) (Amendment-Burundi) Regulations, 2021 [210kb]
>
>
> * CENTRAL AFRICAN REPUBLIC
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Central African Republic (Sanctions) (EU Exit) Regulations 2020 (" the UK
> Regulations") to give effect to various United Nations Security Council
> Resolutions imposing a sanctions regime in view of the situation in the
> Central African Republic. The UK Regulations replace the EU sanctions
> regime relating to the Central African Republic which was previously
> implemented in the UK by an EU Council Decision and Regulation.
>
> The UK Regulations enable the Secretary of State to designate persons who
> are involved in activity which threatens the peace, stability and
> security of the Central African Republic, or who are involved in the
> commission of serious human rights violations or abuses in the Central
> African Republic may be designated under the UK Regulations. Designated
> persons may be made subject to travel bans and financial sanctions,
> including having their funds and/or economic resources frozen. The UK
> Regulations also impose trade restrictions on military goods and
> technology. The restrictions under the UK Regulations are subject to
> exemptions applicable to certain transactions or activities, and also do
> not apply to anything that is permitted under a licence granted by the
> authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to the Central African Republic since its
> inception. As a result of Brexit, this legislation has been repealed and
> replaced by the Sanctions (Implementation of UK Regimes) (Bailiwick of
> Guernsey) (Brexit) Regulations, 2020 ("the 2020 regulations"), which
> implement the UK Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing licences and the Committee for Home
> Affairs is the competent authority for issuing trade licences. Any
> queries should be sent to policyandresources@gov.gg with the subject line
> 'Central African Republic Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * CHEMICAL WEAPONS
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Chemical Weapons (Sanctions) (EU Exit) Regulations 2019 (" the UK
> Regulations") for the purpose of discouraging the proliferation and use
> of chemical weapons. The UK Regulations replace the EU sanctions regime
> in relation to chemical weapons previously in force in the UK under an EU
> Council Decision and Regulation.
>
> The UK Regulations enable the Secretary of State to designate persons who
> may be made subject to travel bans and financial sanctions, including
> having their funds and/or economic resources frozen. The restrictions
> under the UK Regulations are subject to exemptions applicable to certain
> transactions or activities, and also do not apply to anything that is
> permitted under a licence granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to chemical weapons since its inception. As a
> result of Brexit, this legislation has been repealed and replaced by the
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line 'Chemical
> Weapons Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * CYBERCRIME
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Cyber (Sanctions) (EU Exit) Regulations 2020 (" the UK Regulations") for
> the purpose of furthering the prevention of certain cyber activity.
>
> The UK Regulations replace a corresponding EU sanctions regime relating
> to cyber activity that was previously implemented in the UK by an EU
> Council Decision and Regulation.
>
> The UK Regulations enable the Secretary of State to designate persons
> involved in certain cyber activity who may be made subject to travel bans
> or financial sanctions, including having their funds or economic
> resources frozen.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating cyber crime since its inception. As a result of
> Brexit, this legislation has been repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line
> 'Cyber Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * DEMOCRATIC REPUBLIC OF CONGO
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Democratic Republic of Congo (Sanctions) (EU Exit) Regulations 2020 ("
> the UK Regulations") for the purpose of promoting resolution of the
> conflict, respect for human rights, compliance with international
> humanitarian law, and respect for democracy, the rule of law and good
> governance in the Democratic Republic of Congo ("DRC") . The UK
> Regulations also implement the UN sanctions regime in respect of the DRC
> and replace the EU sanctions regime that imposed certain restrictive
> measures directly against persons acting in violation of the arms embargo
> with regard to the DRC via an EU Council Decision and Regulation.
>
> The UK Regulations enable the Secretary of State to designate persons
> involved in the commission of serious human rights violations or abuses,
> violations of international humanitarian law and persons who have
> obstructed or undermined respect for democracy, the rule of law and good
> governance in the DRC. Designated persons may be made subject to travel
> bans and financial sanctions, including having their funds and/or
> economic resources frozen. The UK Regulations also impose trade
> restrictions on military goods and technology for non-governmental
> entities and individuals operating in the DRC. The restrictions under the
> UK Regulations are subject to exemptions applicable to certain
> transactions or activities, and also do not apply to anything that is
> permitted under a licence granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the UN
> sanctions regime relating to the DRC since its inception, either directly
> or by implementing the corresponding EU regime. As a result of Brexit,
> this legislation has been repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing financial licences and the Committee for
> Home Affairs is the competent authority for issuing trade licences. Any
> queries should be sent to policyandresources@gov.gg with the subject line
> 'DRC Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * GLOBAL ANTI-CORRUPTION
>
> * BACKGROUND
>
> The UK has enacted the Global Anti-Corruption Sanctions Regulations 2021
> ("the UK Regulations") for the purposes of preventing and combatting
> serious corruption.
>
> The UK Regulations replace the Misappropriation (Sanctions) (EU Exit)
> Regulations 2020 ("the Misappropriation Regulations") concerning
> misappropriation of State funds from any country outside the UK. The
> Misappropriation Regulations were introduced following Brexit, and
> replaced a number of geographically specific EU sanctions regimes
> relating to Egypt, Tunisia and Ukraine that were previously implemented
> in the UK by EU Council Decisions and Regulations.
>
> The UK Regulations enable the Secretary of State to designate persons
> involved in serious corruption. Designated persons may be made subject to
> travel bans or financial sanctions, including having their funds or
> economic resources frozen.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the
> authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regimes relating to misappropriation in respect of Egypt,
> Tunisia and Ukraine, and to implement the Misappropriation Regulations
> since their inception. The Misappropriation Regulations were implemented
> in the Bailiwick by the Sanctions (Implementation of UK Regimes)
> (Bailiwick of Guernsey) (Brexit) Regulations, 2020 ("the 2020
> regulations").
>
> The 2020 regulations have been amended by the Sanctions (Implementation
> of UK Regimes) (Bailiwick of Guernsey) (Brexit) (Amendment - Global
> Anti-Corruption) Regulations, 2021, which replace all reference to the
> Misappropriation Regulations with reference to the UK Regulations. The
> 2020 regulations implement the UK Regulations in the Bailiwick.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line
> 'Anti-Corruption Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> The 2020 regulations
> The Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020
>
> Amendment to the 2020 regulations
> The Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) (Amendment - Global Anti-Corruption) Regulations, 2021
>
>
> * GLOBAL HUMAN RIGHTS
>
> * BACKGROUND
>
> The UK has enacted the Global Human Rights Sanctions Regulations 2020 ("
> the UK Regulations") for the purposes of for the purpose of deterring,
> and providing accountability for, activities which, if carried out by or
> on behalf of a State, would amount to serious violations of certain human
> rights by that State. The activities could be carried out by a State or
> non-State actor.
>
> The UK Regulations enable the Secretary of State to designate persons who
> may be made subject to travel bans or financial sanctions, including
> having their funds or economic resources frozen.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the UK
> sanctions regime relating to global human rights since its inception. In
> order to align the implementation of this regime with the implementation
> of other UK regimes as a result of Brexit, this legislation has been
> repealed and replaced by the Sanctions (Implementation of UK Regimes)
> (Bailiwick of Guernsey) (Brexit) Regulations, 2020 ("the 2020
> regulations"), which implement the UK Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line 'Global Human
> Rights Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * GUINEA
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Guinea (Sanctions) (EU Exit) Regulations 2019 (" the UK Regulations") for
> the purpose of encouraging the Government of Guinea to investigate
> properly the violent repression in Guinea on 28th September 2009 and the
> aftermath of that violent repression, and hold to account and bring
> criminal proceedings against the persons responsible for the violent
> repression and its aftermath.The UK Regulations replace the EU sanctions
> regime in relation to Guinea previously in force in the UK under an EU
> Council Decision and Regulation.
>
> The UK Regulations enable the Secretary of State to designate persons who
> may be made subject to travel bans and financial sanctions, including
> having their funds and/or economic resources frozen. The restrictions
> under the UK Regulations are subject to exemptions applicable to certain
> transactions or activities, and also do not apply to anything that is
> permitted under a licence granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to Guinea since its inception. As a result of
> Brexit, this legislation has been repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line
> 'Guinea Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * (REPUBLIC OF) GUINEA-BISSAU
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Republic of Guinea-Bissau (Sanctions) (EU Exit) Regulations 2019 ("the UK
> Regulations") for the purpose of encouraging the abandonment of actions
> that undermine the peace, security or stability of the Republic of
> Guinea-Bissau.
>
> The UK Regulations replace the EU sanctions regime in relation to the
> Republic of Guinea-Bissau that was previously implemented in the UK via
> an EU Council Decision and Regulation.
>
> The UK Regulations enable the Secretary of State to designate persons who
> may be made subject to travel bans and financial sanctions, including
> having their funds and/or economic resources frozen.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the
> authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to the Republic of Guinea-Bissau since its
> inception. As a result of Brexit, this legislation has been repealed and
> replaced by the Sanctions (Implementation of UK Regimes) (Bailiwick of
> Guernsey) (Brexit) Regulations, 2020 ("the 2020 regulations"), which
> implement the UK Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line 'Guinea-Bissau
> Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * HAITI
>
> * BACKGROUND
>
> The UK has enacted the Haiti (Sanctions) Regulations, 2022 ("the UK
> Regulations") to give effect to the United Kingdom's international
> obligations resulting from United Nations Security Council Resolution
> 2653 (2022) imposing a sanctions regime in view of the situation in
> Haiti.
>
> The effect of the UK Regulations is that persons designated by the UN as
> responsible for or complicit in, or having engaged in, directly or
> indirectly, actions that threaten the peace, security or stability of
> Haiti are designated for the purposes of financial restrictions and trade
> restrictions under the UK Regulations. The UK Regulations also impose
> trade restrictions on military goods and military technology and
> associated services. The restrictions under the UK Regulations are
> subject to exemptions applicable to certain transactions or activities,
> and also do not apply to anything that is permitted under a licence
> granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The UK Regulations are implemented in the Bailiwick by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"). All persons designated under
> the UK Regulations are included in the regime -specific list and the
> consolidated list of individuals and entities targeted by sanctions on
> the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line
> 'Haiti Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
> The Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Amendment - Haiti) Regulations, 2022
>
>
> * IRAN
>
> * BACKGROUND
>
> The UK has enacted the Iran (Sanctions) Regulations 2023 (" the UK
> Regulations") for the purpose of encouraging the Government of Iran to
> comply with international human rights law and to respect human rights
> and to deter the Government of Iran or an armed group backed by the
> Government of Iran from conducting hostile activity against the United
> Kingdom and other countries.
>
> The UK Regulations replace the sanctions regime that was previously in
> place with regard to persons responsible for committing serious human
> rights violations in Iran. They enable the Secretary of State to
> designate persons involved in the commission of serious human rights
> violations or abuses in Iran, or from conducting hostile activity against
> the United Kingdom and other countries. Designated persons may be made
> subject to travel bans and financial sanctions, including having their
> funds and/or economic resources frozen. The UK Regulations also impose
> trade restrictions on specified goods and technology which may be used to
> repress the civilian population of Iran and on specified goods and
> technology. The restrictions under the UK Regulations are subject to
> exemptions applicable to certain transactions or activities, and also do
> not apply to anything that is permitted under a licence granted by the
> authorities.
>
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to Iran since its inception. As a result of
> Brexit, this legislation has been repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing financial licences and the Committee for
> Home Affairs is the competent authority for issuing trade licences. Any
> queries should be sent to policyandresources@gov.gg with the subject line
> 'Iran Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
>
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
>
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * IRAN - NUCLEAR PROLIFERATION
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Iran (Nuclear Proliferation) (Sanctions) (EU Exit) Regulations 2019 ("
> the UK Regulations") for the purpose of complying with United Nations
> obligations and for the purposes of: encouraging Iran to abandon nuclear
> weapons programmes; restricting the ability of Iran to develop nuclear
> weapons and nuclear weapons delivery systems; and promoting
> implementation of the Joint Comprehensive Plan of Action agreed by Iran
> and others in 2015. The UK Regulations replace the EU sanctions regime in
> relation to nuclear proliferation by Iran that was previously implemented
> in the UK via an EU Council Decision and Regulation.
>
> The effect of the UK Regulations is that persons who are listed by the UN
> are designated persons for the purposes of the UK Regulations. The UK
> Regulations also enable the Secretary of State to designate further
> persons involved in activities related to the proliferation or
> development of nuclear weapons or nuclear weapons delivery systems in
> relation to Iran. Designated persons may be made subject to travel bans
> and financial sanctions, including having their funds and economic
> resources frozen.
>
> The UK Regulations also impose trade restrictions in relation to
> specified goods and technology which are relevant to nuclear activities.
> They include military items and items on lists published by the UN and
> the International Atomic Energy Agency. The restrictions under the UK
> Regulations are subject to exemptions applicable to certain transactions
> or activities, and also do not apply to anything that is permitted under
> a licence granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the UN
> measures relating to Iran since their inception, either directly or by
> implementing the corresponding EU regime. As a result of Brexit, this
> legislation has been repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> GUIDANCE AND OUTREACH
>
> Members of the Sanctions Committee, including the Policy & Resources
> Committee, Guernsey Law Enforcement, the GFSC and the Law Officers
> Chambers, regularly provide outreach in relation to sanctions. The slides
> here [18kb] articulate messages which have routinely been issued by
> member authorities of the Sanctions Committee to the private sector.
> Changes to designations are uploaded here as soon as they are made.
>
> In light of particular international concern about proliferation
> financing in relation to Iran and to ensure understanding of the context
> and scope of the framework applicable to Guernsey, detailed guidance on
> combatting proliferation and proliferation financing has been issued by
> the Policy & Resources Committee and the Committee for Home Affairs,
> available here [1Mb]. In addition, specific outreach has been carried
> out in order to assist businesses to understand the effect of the
> counter-proliferation and counter-proliferation financing sanctions
> regimes in place. This information should inform the countermeasures put
> in place by businesses.
>
> The FATF defines proliferation financing as funds or financial services
> used for the manufacture, acquisition, possession, development, export,
> trans-shipment, brokering, transport, transfer, stockpiling or use of
> nuclear, chemical or biological weapons and means of delivery and related
> materials (technologies and dual use goods used for non-legitimate
> purposes) in contravention of national laws or international obligations.
> (FATF working definition 2010).
>
> Information provided at briefings for the private sector sponsored by the
> Policy & Resources Committee, in liaison with the Sanctions Committee,
> held in Guernsey in the fourth quarter of 2016 is available here [1Mb].
> Information provided at briefings for the private sector held by the
> Policy & Resources Committee, in liaison with the Sanctions Committee, in
> Guernsey in the fourth quarter of 2018 is available here
> [5Mb]. Information provided at briefings for the private sector sponsored
> by the Policy & Resources Committee, in liaison with the Sanctions
> Committee, held in Guernsey in March 2023 is available here [1Mb].
> Information provided at briefings for the private sector by the Policy &
> Resources Committee, in liaison with the Sanctions Committee, in Guernsey
> in May 2023 is available here [265kb]. Information provided by
> representatives from the Gibraltar and Isle of Man FIUs at briefings for
> the private sector by the Policy & Resources Committee, in liaison with
> the Sanctions Committee, held in Guernsey in August 2023 is
> available here [1Mb]. Information provided at briefings for the private
> sector by the Policy & Resources Committee, in liaison with the Sanctions
> Committee, in Guernsey in October 2023 is available here [9Mb]. The
> slides for the Counter Proliferation Financing briefings conducted by
> RUSI in April 2024 can be found here [2Mb].
>
> Additional typologies-based information produced by Kings College London
> in 2017 is available here [3Mb].Amongst other matters, this information
> includes material on attempted sanctions evasion.
>
> Reference documents providing further information about the context and
> threat of proliferation financing, together with attempted sanctions
> evasion and the countering of proliferation financing can be accessed
> here.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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,
> terrorism financing and proliferation or proliferation financing to the
> Financial Intelligence 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, terrorist
> financing or proliferation 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing financial licences and the Committee for
> Home Affairs is the competent authority for issuing trade licences. Any
> queries should be sent to policyandresources@gov.gg with the subject line
> 'Iran Nuclear Proliferation Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * IRAQ
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Iraq (Sanctions) (EU Exit) Regulations 2019 ("the UK Regulations") for
> the purpose of compliance with United Nations obligations. Those
> obligations include sanctions measures in UN Security Council resolution
> 1483 adopted by the Security Council on 22 May 2003 as those measures
> have been revised and updated by subsequent resolutions. The UK
> Regulations replace the EU sanctions regime in relation to Iraq that was
> previously implemented in the UK via an EU Council Decision and
> Regulation.
>
> The effect of the UK Regulations is that persons who are listed by the UN
> are designated persons for the purposes of the UK Regulations. There are
> two categories of designated persons: those who are designated under
> paragraph 23(a) of UN Security Council resolution 1483 (2003) as being
> part of the former Government of Iraqi and its state bodies, corporations
> or agencies, and those who are designated under paragraph 23(b) of the
> same resolution as being senior officials of the former Iraqi regime and
> their immediate family members. The second category of designated persons
> (designated under paragraph 23(b)) are subject to financial sanctions,
> which include having their funds and economic resources frozen. The first
> category of persons (designated under paragraph 23(a)) are subject to a
> partial asset-freeze which prohibits certain dealings with funds owned,
> held or controlled by those persons provided the funds were located
> outside of Iraq on 22 May 2003.
>
> The UK Regulations also impose trade restrictions on military goods and
> technology as well as restrictions on the trade in Iraqi cultural
> property which was illegally removed from Iraq on or after 6 August 1990.
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the UN
> sanctions regime relating to Iraq since its inception, either directly or
> by implementing the corresponding EU regime. As a result of Brexit, this
> legislation has been repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing financial licences and the Committee for
> Home Affairs is the competent authority for issuing trade licences. Any
> queries should be sent to policyandresources@gov.gg with the subject line
> 'Iraq Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * ISIL AND AL-QAIDA
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> ISIL (Da'esh) and Al-Qaida (United Nations) (Sanctions) (EU Exit)
> Regulations 2019 (" the UK Regulations") to give effect to various United
> Nations Security Council Resolutions imposing a sanctions regime in
> respect of ISIL (Da'esh) and Al-Qaida, and associated individuals,
> groups, undertakings and entities ("the UN sanctions regime"). The UK
> Regulations replacing the EU sanctions regime relating to ISIL (Da'esh)
> and Al-Qaida that was previously implemented in the UK by an EU Council
> Decision and Regulation.
>
> The effect of the UK Regulations is that persons designated by the UN as
> associated with ISIL (Da'esh) & Al-Qaida are designated for the purposes
> of the UK Regulations. Designated persons are subject to a travel ban and
> to financial sanctions, which include having their funds and/or economic
> resources frozen. Designated persons are also subject to trade
> restrictions on military goods and military technology and associated
> services. The UK Regulations also provide for an asset freeze in relation
> to Usama bin Laden. The restrictions under the UK Regulations are subject
> to exemptions applicable to certain transactions or activities, and also
> do not apply to anything that is permitted under a licence granted by the
> authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the UN
> measures since their inception, either directly or by implementing the
> corresponding EU regime. As a result of Brexit, this legislation has been
> replaced by the Sanctions (Implementation of UK Regimes) (Bailiwick of
> Guernsey) (Brexit) Regulations, 2020 ( "the 2020 regulations"), which
> implement the UK Regulations.
>
> Any addition to the UN list of designated persons is automatically
> effective under the UK Regulations as soon as it is made, and is
> therefore immediately effective in the Bailiwick.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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.
>
> OUTREACH
>
> Members of the Sanctions Committee, including the Policy & Resources
> Committee, Guernsey Law Enforcement, the GFSC and the Law Officers
> Chambers, regularly provide outreach in relation to sanctions. In the
> first quarter of 2017 the Policy and Resources Committee, in liaison with
> the Sanctions Committee, held a conference with international speakers on
> International Terrorist Financing: Risk Awareness and Mitigation for
> businesses in Guernsey. The slides here [18kb] articulate messages which
> have routinely been issued by member authorities of the Sanctions
> Committee to the private sector. Information provided at briefings for
> the private sector by the Policy & Resources Committee, in liaison with
> the Sanctions Committee, in Guernsey in May 2023 is available here
> [265kb]. Information provided at briefings for the private sector by the
> Policy & Resources Committee, in liaison with the Sanctions Committee, in
> Guernsey in August 2023 is available here [8Mb]. The slides for the
> Terrorist Financing briefings conducted by RUSI in March 2024 can be
> found here [678kb]. Changes to designations are uploaded here as soon as
> they are made.
>
> COMPETENT AUTHORITY
>
> Under the 2020 regulations the Policy & Resources Committee is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line 'ISIL and
> Al-Qaida Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * LEBANON
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Lebanon (Sanctions) (EU Exit) Regulations 2020 ("the UK Regulations") for
> the purpose of compliance with United Nations obligations under
> resolution 1701 (2006). The UK Regulations replace the EU sanctions
> regime in respect of Lebanon that was previously implemented in the UK
> via an EU Council Decision and Regulation.
>
> The UK Regulations impose trade restrictions on military goods and
> technology in relation to Lebanon. Related controls are also imposed on
> the provision of technical assistance, financial services and funds, and
> brokering services. The restrictions under the UK Regulations are subject
> to exemptions applicable to certain transactions or activities, and also
> do not apply to anything that is permitted under a licence granted by the
> authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the UN
> sanctions regime relating to Iraq since its inception, either directly or
> by implementing the corresponding EU regime. As a result of Brexit, this
> legislation has been repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> 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 careful to ensure that they do not take any action
> prohibited by the UK Regulations without the consent of the licensing
> authority.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Committee for Home Affairs is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line 'Lebanon
> Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * LEBANON - ASSASSINATION OF RAFIQ HARIRI AND OTHERS
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Lebanon (Assassination of Rafiq Hariri and others) (Sanctions) (EU Exit)
> Regulations 2020 (" the UK Regulations") for the purpose of implementing
> obligations under UN Security Council Resolution 1636 (2005), adopted in
> response to the terrorist bombing in Beirut, Lebanon on 14 February 2005
> that killed former Lebanese Prime Minister Rafiq Hariri and others (the
> "2005 bombing"). The UK Regulations replace the EU sanctions regime in
> relation to the assassination of Rafiq Hariri and others that was
> previously implemented in the UK via an EU Council Decision and
> Regulation.
>
> The effect of the UK Regulations is that persons who are listed by the UN
> as suspected of involvement in the planning, sponsoring, organising or
> perpetrating of the 2005 bombing are designated persons for the purposes
> of the UK Regulations. Designated persons may be made subject to travel
> bans and financial sanctions, including having their funds and economic
> resources frozen.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the UN
> sanctions regime relating to the assassination of Rafiq Hariri and others
> since its inception, either directly or by implementing the corresponding
> EU regime. As a result of Brexit, this legislation has been repealed and
> replaced by the Sanctions (Implementation of UK Regimes) (Bailiwick of
> Guernsey) (Brexit) Regulations, 2020 ("the 2020 regulations"), which
> implement the UK Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations is a criminal offence punishable with
> imprisonment and/or a fine.
>
> COMPETENT AUTHORITY
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line 'Lebanon Rafiq
> Hariri Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * LIBYA
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Libya (Sanctions) (EU Exit) Regulations 2020 (" the UK Regulations") to
> comply with United Nations obligations relating to Libya, and for the
> purposes of promoting respect for human rights in Libya, promoting the
> peace, stability and security of Libya, promoting the successful
> completion of Libya's political transition, and preventing migrant
> smuggling and human trafficking in relation to Libya.
>
> The UK Regulations replace a corresponding EU sanctions regime relating
> to Libya, which was previously implemented in the UK by an EU Council
> Decision and Regulation.
>
> The effect of the UK Regulations is that persons who are listed by the UN
> are designated persons for the purposes of the UK Regulations. The UK
> Regulations also enable the Secretary of State to designate further
> persons involved in certain specified activities in Libya. Designated
> persons may be made subject to travel bans and financial sanctions,
> including having their funds or economic resources frozen. There are also
> specific financial sanctions giving effect to a partial asset-freeze
> imposed by the United Nations in respect of two entities named in Annex
> II of resolution 1973 adopted by the UN Security Council on 17 March
> 2011. The UK Regulations also impose trade restrictions in relation to
> military goods, items which could be used to repress the civilian
> population of Libya and on certain goods which could be used for human
> trafficking or the smuggling of migrants. The UK Regulations also impose
> restrictions in relation to certain aircraft and ships, and certain
> activities which enable or facilitate the conduct of armed hostilities in
> Libya.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to Libya since its inception. As a result of
> Brexit, this legislation has been repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing financial licences and the Committee for
> Home Affairs is the competent authority for issuing trade licences and
> port licences. Any queries should be sent to policyandresources@gov.gg
> with the subject line 'Libya Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * MALI
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Mali (Sanctions) (EU Exit) Regulations 2020 (" the UK Regulations") for
> the purpose of complying with United Nations obligations and promoting
> the peace, stability and security of Mali and related purposes.
>
> The UK Regulations replace the EU sanctions regime in relation to Mali
> that was previously implemented in the UK via an EU Council Decision and
> Regulation.
>
> The UK Regulations enable the Secretary of State to designate persons
> involved in activities that threaten the peace, stability and security of
> Mali or undermine efforts to implement the Agreement on Peace and
> Reconciliation in Mali. Designated persons may be made subject to travel
> bans and financial sanctions, including having their funds and/or
> economic resources frozen.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the
> authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to Mali since its inception. As a result of
> Brexit, this legislation has been repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line 'Mali Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * MYANMAR (BURMA)
>
> * BACKGROUND
>
> The UK has enacted the Myanmar (Sanctions) Regulations 2021 ("the UK
> Regulations") for the purposes of: promoting the peace, stability and
> security of Myanmar; promoting respect for democracy, the rule of law and
> good governance in Myanmar; discouraging actions, policies or activities
> which repress the civilian population in Myanmar; and promoting
> compliance with international human rights law and respect for human
> rights in Myanmar.
>
> The UK Regulations replace the Burma (Sanctions) (EU Exit) Regulations
> 2019 ("the Burma Regulations"). The Burma Regulations were introduced
> following Brexit, and replaced the EU sanctions regime relating to Burma
> that was previously implemented in the UK by an EU Council Decision and
> Regulation.
>
> The UK Regulations enable the Secretary of State to designate individuals
> and entities responsible for undermining peace and stability in Myanmar.
>
> Designated persons may be made subject to travel bans and financial
> sanctions, including having their funds and/or economic resources frozen.
> The UK Regulations also impose trade restrictions on military goods and
> technology, on dual-use goods and technology, and on specified goods and
> technology which may be used to repress the civilian population of
> Myanmar or for intercepting or monitoring their communications. They also
> impose further trade restrictions in respect of the provision of
> interception and monitoring services to, or for the benefit of, the
> Government of Myanmar, or the provision of certain services, funds or
> armed personnel to, or for the benefit of, the Tatmadaw (i.e. the Myanmar
> Armed Forces). The restrictions under the UK Regulations are subject to
> exemptions applicable to certain transactions or activities, and also do
> not apply to anything that is permitted under a licence granted by the
> authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to Myanmar, and to implement the Burma
> Regulations since their inception. The Burma Regulations were implemented
> in the Bailiwick by the Sanctions (Implementation of UK Regimes)
> (Bailiwick of Guernsey) (Brexit) Regulations, 2020 ("the 2020
> regulations").
>
> The 2020 regulations have been amended by the Sanctions (Implementation
> of UK Regimes) (Bailiwick of Guernsey) (Brexit) (Amendment - Myanmar)
> Regulations, 2021, which replace all reference to the Burma Regulations
> with reference to the UK Regulations. The 2020 regulations implement the
> UK Regulations in the Bailiwick.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [262kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line
> 'Myanmar Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> The 2020 regulations
> The Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020
>
> Amendment to the 2020 regulations
> The Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) (Amendment - Myanmar) Regulations, 2021
>
>
> * NICARAGUA
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Nicaragua (Sanctions) (EU Exit) Regulations 2020 (" the UK Regulations")
> for the purpose of encouraging the Government of Nicaragua to: respect
> democratic principles and institutions, the separation of powers and the
> rule of law, refrain from the repression of civil society, and comply
> with international human rights law and respect human rights.
>
> The UK Regulations replace the EU sanctions regime in relation to
> Nicaragua that was previously implemented in the UK via an EU Council
> Decision and Regulation.
>
> The UK Regulations enable the Secretary of State to designate persons who
> may be made subject to travel bans and financial sanctions, including
> having their funds and/or economic resources frozen.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the
> authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to Nicaragua since its inception. As a result
> of Brexit, this legislation has been repealed and replaced by the
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line
> 'Nicaragua Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * NORTH KOREA (DEMOCRATIC PEOPLE'S REPUBLIC OF KOREA)
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations
> 2020 (" the UK Regulations") to give effect to various United Nations
> Security Council Resolutions imposing a sanctions regime in view of the
> situation in the Democratic People's Republic of Korea ( "DPRK"). These
> include UN Security Council Resolution 1718 (2006), 1874 (2009), 2087
> (2013), 2094 (2013), 2270 (2016), 2321 (2016), 2356 (2017), 2371(2017),
> 2375(2017), and 2397 (2017). The UK Regulations also have the purposes of
> restricting the ability of the DPRK to carry on its nuclear, biological
> or chemical weapons programmes, other weapons of mass destruction
> programmes and ballistic missile programmes, to promote the abandonment
> of those programmes and the decommissioning of the weapons, and to
> promote peace, security and stability on the Korean peninsula. The UK
> Regulations replace a corresponding EU sanctions regime relating to DPRK,
> which was previously implemented in the UK by an EU Council Decision and
> Regulation.
>
> The UK Regulations enable the Secretary of State to designate persons who
> may be made subject to travel bans and financial sanctions, including
> having their funds and/or economic resources frozen. The UK Regulations
> also impose other financial restrictions ( including restrictions on
> investment) trade restrictions on specified goods and technology ( and
> related controls on the provision of financial services and funds,
> technical assistance and brokering services), restrictions on aviation
> and shipping, and restrictions on certain services related to ships and
> aircraft. The restrictions under the UK Regulations are subject to
> exemptions applicable to certain transactions or activities, and also do
> not apply to anything that is permitted under a licence granted by the
> authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to the DPRK since its inception. As a result of
> Brexit, these measures have been repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> GUIDANCE AND OUTREACH
>
> Members of the Sanctions Committee, including the Policy & Resources
> Committee, Guernsey Law Enforcement, the GFSC and the Law Officers
> Chambers, regularly provide outreach in relation to sanctions. The
> slides here [18kb] articulate messages which have routinely been issued
> by member authorities of the Sanctions Committee to the private sector.
> Changes to designations are uploaded here as soon as they are made.
>
> In light of particular international concern about proliferation
> financing in relation to North Korea and to ensure understanding of the
> context and scope of the framework applicable to Guernsey, detailed
> guidance on combatting proliferation and proliferation financing has
> been issued by the Policy & Resources Committee and the Committee for
> Home Affairs, available here [1Mb]. In addition, specific outreach has
> been carried out in order to assist businesses to understand the effect
> of the counter-proliferation and counter-proliferation financing
> sanctions regimes in place. This information should inform the
> countermeasures put in place by businesses.
>
> The FATF defines proliferation financing as funds or financial services
> used for the manufacture, acquisition, possession, development, export,
> trans-shipment, brokering, transport, transfer, stockpiling or use of
> nuclear, chemical or biological weapons and means of delivery and related
> materials (technologies and dual use goods used for non-legitimate
> purposes) in contravention of national laws or international obligations.
> (FATF working definition 2010)
>
> Information provided at briefings for the private sector sponsored by the
> Policy & Resources Committee, in liaison with the Sanctions Committee,
> held in Guernsey in the fourth quarter of 2016 is available here
> [1Mb]. Information provided at briefings for the private sector held by
> the Policy & Resources Committee, in liaison with the Sanctions
> Committee, in Guernsey in the fourth quarter of 2018 is available here
> [5Mb]. Information provided at briefings for the private sector sponsored
> by the Policy & Resources Committee, in liaison with the Sanctions
> Committee, held in Guernsey in March 2023 is available here [1Mb].
> Information provided at briefings for the private sector by the Policy &
> Resources Committee, in liaison with the Sanctions Committee, in Guernsey
> in May 2023 is available here [265kb]. Information provided by
> representatives from the Gibraltar and Isle of Man FIUs at briefings for
> the private sector by the Policy & Resources Committee, in liaison with
> the Sanctions Committee, held in Guernsey in August 2023 is available
> here [1Mb]. Information provided at briefings for the private sector by
> the Policy & Resources Committee, in liaison with the Sanctions
> Committee, in Guernsey in October 2023 is available here [9Mb]. The
> slides for the Counter Proliferation Financing briefings conducted by
> RUSI in April 2024 can be found here [2Mb].
>
> Additional typologies-based information produced by Kings College London
> in 2017 is available here [3Mb]. Amongst other matters, this information
> includes material on attempted sanctions evasion.
>
> Reference documents providing further information about the context and
> threat of proliferation financing, together with attempted sanctions
> evasion and the countering of proliferation financing can be accessed
> here.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> In addition, the UK Regulations specify that if a financial services
> business or certain other types of business 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
> Unit.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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,
> terrorism financing and proliferation or proliferation 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, terrorist financing or proliferation 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing financial licences and the Committee for
> Home Affairs is the competent authority for issuing trade licences. Any
> queries should be sent to policyandresources@gov.gg with the subject line
> 'DPRK Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * RUSSIA
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Russia (Sanctions) (EU Exit) Regulations 2019 (" the UK Regulations")
> for the purpose of encouraging Russia to cease actions destabilising
> Ukraine or undermining or threatening the territorial integrity,
> sovereignty or independence of Ukraine. The UK Regulations replace the EU
> sanctions regimes in relation to Russia, the territorial integrity of
> Ukraine and Crimea that were previously implemented in the UK via EU
> Council Decisions and Regulations.
>
> The UK Regulations enable the Secretary of State to designate persons
> involved in destabilising Ukraine or undermining or threatening the
> territorial integrity, sovereignty or independence of Ukraine. Designated
> persons may be made subject to travel bans and financial sanctions,
> including having their funds and economic resources frozen.
>
> The UK Regulations also impose restrictions on trade in military goods
> and technology, on certain dual-use and energy-related items, and impose
> restrictions on supplying infrastructure-related goods and technology to
> Crimea and on importing goods from Crimea. The UK Regulations also
> restrict the provision of services related to the trade in those items.
> The UK Regulations also restrict persons from dealing with certain
> financial instruments, restrict the provision of finance and funds, and
> restrict investment in relation to Crimea.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the
> authorities.
>
> Following Russia's invasion of Ukraine in February 2022, the UK has
> implemented additional sanctions. The updates to the UK's sanctions
> regime widen the scope of the financial sanctions in place already,
> including further restricting the ability for the trade of Russian
> securities and other money market instruments. The UK has also introduced
> prohibitions on the trade of military goods, certain dual use goods and
> critical industrial goods, as well of the provision of technical
> assistance, financial services, funding and brokering services in
> relation to these goods.
>
> In addition, the UK has banned access to its ports for vessels registered
> in Russia, flying the Russian flag as well as vessels owned, controlled
> chartered or operated any person connected with Russia or a designated
> person. It has also banned aircraft owned, chartered or operated by a
> person connected with Russia, or which registered in Russia, from flying
> in UK airspace or touching down in UK airports.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regimes relating to Russia, the territorial integrity of
> Ukraine and Crimea since their inception. As a result of Brexit, this
> legislation has been repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> The UK's recent sanctions made against Russia in response to the war in
> Ukraine have automatic effect in the Bailiwick. The Policy & Resources
> Committee has made new sanctions Regulations to ensure these sanctions
> are adapted, with very minor changes, for the Bailiwick's domestic
> context. These Regulations are made in a coordinated way with the UK to
> ensure the latest sanctions announced are adapted to meet the domestic
> context.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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.
>
> The Policy & Resources Committee is carrying out a review of frozen
> assets linked to persons designated under the Russia (Sanctions) (EU
> Exit) Regulations 2019 (the Russia regime). The purpose of the review is
> to enable the Policy & Resources Committee to update its records in
> respect of assets frozen under the Russia regime. Businesses that hold or
> control frozen assets, or which have an ongoing connection to frozen
> assets outside the Bailiwick, are therefore requested to complete
> this template [18kb] and submit it to the Policy & Resources Committee
> by 24 November 2023.
>
> COMPETENT AUTHORITY
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing financial licences and the Committee for
> Home Affairs is the competent authority for issuing trade licences. Any
> queries should be sent to policyandresources@gov.gg with the subject line
> 'Russia Sanctions'.
>
> LICENCES
>
> A licence is a written authorisation from a named competent authority to
> allow an activity which would otherwise be prohibited by sanctions
> measures.
>
> Please be advised that a template has been developed for making requests
> to the Policy & Resources Committee for a licence under the sanctions
> framework. A copy of that template is available here [196kb].
>
> In addition, the Policy & Resources Committee has issued general
> licences under regulation 64 of the UK regulations as applied in the
> Bailiwick. The general licences are available to download: here
> [165kb], here [161kb] here [206kb], here [159kb], here [160kb], here
> [155kb], here [172kb], here [2Mb] and here [169kb]. They
> replicate within the Bailiwick the effect of some general licences that
> have been issued in the UK to permit activity which would otherwise be in
> breach of the Russia sanctions regime. The UK licences are available
> here: OFSI General Licences - GOV.UK (www.gov.uk).
>
> The general licences are subject to the same terms, conditions and expiry
> dates as the UK general licences, as well as to some modifications to
> reflect the Bailiwick context. Any business that intends to rely on the
> general licences should inform the Policy & Resources Committee in
> advance. This information referred to above is required by the Policy &
> Resources Committee in the exercise of its powers under section 15 of the
> Sanctions Law.
> Further information on licences is set out on this page.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> UK Sanctions relating to Russia
> https://www.gov.uk/government/publications/financial-sanctions-ukraine-sovereignty-and-territorial-integrity
>
> UK guidance relating to Russia
> https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1058961/Russia_guidance_04.03.22_.pdf
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
> Crimean Ports Direction under regulation 57 of the Russia (Sanctions)
> (EU Exit) Regulations 2019 as implemented in the Bailiwick by the
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 [656kb]
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) (Amendment) Regulations, 2022 [65kb]
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) (Amendment) (No.2) Regulations, 2022 [47kb]
>
> Further information on the Bailiwick's response to the war in Ukraine is
> available here.
>
>
> * SOMALIA
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Somalia (Sanctions) (EU Exit) Regulations 2020 (" the UK Regulations") to
> comply with United Nations obligations relating to Somalia, and for the
> purposes of promoting the peace, stability and security of Somalia and
> related purposes.
>
> The UK Regulations replace a corresponding EU sanctions regime relating
> to Somalia, which was previously implemented in the UK by an EU Council
> Decision and Regulations.
>
> The effect of the UK Regulations is that persons who are listed by the UN
> are designated persons for the purposes of the UK Regulations. The UK
> Regulations also enable the Secretary of State to designate persons
> involved in the commission of activities connected to terrorism, breaches
> of international humanitarian law or the commission of serious human
> rights violations or abuses in Somalia, and other acts that threaten the
> peace, security or stability of Somalia, or that obstruct or undermine
> the Federal Government of Somalia. Designated persons may be made subject
> to travel bans or financial sanctions, including having their funds or
> economic resources frozen. The UK Regulations also impose trade
> restrictions in relation to Somalia in respect of military goods and
> military technology, charcoal, and improvised explosive devices
> components. They also impose trade restrictions in relation to designated
> persons in respect of military goods and technology. The UK Regulations
> also impose restrictions on certain activities which enable or facilitate
> the conduct of armed hostilities in Somalia.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the
> authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the UN
> sanctions regime relating to Somalia since its inception, either directly
> or by implementing the corresponding EU regimes. As a result of Brexit,
> this legislation has been repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing financial licences and the Committee for
> Home Affairs is the competent authority for issuing trade licences. Any
> queries should be sent to policyandresources@gov.gg with the subject line
> 'Somalia Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * SOUTH SUDAN
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> South Sudan (Sanctions) (EU Exit) Regulations 2019 (" the UK
> Regulations") to comply with United Nations obligations relating to South
> Sudan, and for the purposes of promoting the peace, stability and
> security of South Sudan and related purposes.
>
> The UK Regulations replace a corresponding EU sanctions regime relating
> to South Sudan, which was previously implemented in the UK by an EU
> Council Decision and Regulation.
>
> The UK Regulations enable the Secretary of State to designate persons
> involved in the obstruction of the political process in South Sudan or
> the commission of serious human rights violations or abuses in South
> Sudan.Designated persons may be made subject to travel bans or financial
> sanctions, including having their funds or economic resources frozen.
>
> The UK Regulations also impose trade restrictions in relation to military
> goods and technology.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to South Sudan since its inception. As a result
> of Brexit, this legislation has been repealed and replaced by the
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing financial licences and the Committee for
> Home Affairs is the competent authority for issuing trade licences. Any
> queries should be sent to policyandresources@gov.gg with the subject line
> 'South Sudan Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * SUDAN
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Sudan (Sanctions) (EU Exit) Regulations 2020 (" the UK Regulations") to
> comply with United Nations obligations relating to Sudan, and for the
> purposes of promoting the peace, stability and security of Sudan,
> encouraging the resolution of the armed conflicts in Sudan and the
> stabilisation of Sudan, promoting respect for democracy, the rule of law
> and good governance in Sudan and other related purposes.
>
> The UK Regulations replace a corresponding EU sanctions regime relating
> to Sudan, which was previously implemented in the UK by an EU Council
> Decision and Regulation.
>
> The UK Regulations enable the Secretary of State to designate persons
> involved in activity which threatens the peace, stability or security of
> Sudan or in the commission of serious human rights violations or abuses
> in Sudan.
>
> Designated persons may be made subject to travel bans or financial
> sanctions, including having their funds or economic resources frozen.
>
> The UK Regulations also impose trade restrictions in relation to military
> goods and technology.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the
> authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to Sudan since its inception. As a result of
> Brexit, this legislation has been repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing financial licences and the Committee for
> Home Affairs is the competent authority for issuing trade licences. Any
> queries should be sent to policyandresources@gov.gg with the subject line
> 'Sudan Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * SYRIA
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Syria (Sanctions) (EU Exit) Regulations 2019 ("the UK Regulations") for
> the purposes of encouraging the Syrian regime to refrain from actions,
> policies or activities which repress the civilian population in Syria and
> to participate in negotiations in good faith to reach a negotiated
> political settlement to bring about a peaceful solution to the conflict
> in Syria.
>
> The UK Regulations replace a corresponding EU sanctions regime relating
> to Syria, which was previously implemented in the UK by an EU Council
> Decision and Regulation.
>
> The UK Regulations enable the Secretary of State to designate persons
> involved in repressing the civilian population in Syria or those persons
> who support or have benefitted from the Syrian regime. This will include
> persons who are, or have been, Ministers or high-ranking officials in the
> Syrian armed forces, prominent businesspersons in Syria and other persons
> involved in chemical weapons-related activities.
>
> Designated persons may be made subject to travel bans or financial
> sanctions, including having their funds or economic resources frozen.
>
> The UK Regulations also impose trade restrictions on specified goods and
> technology (as specified in Schedule 2 to these Regulations), including
> goods and technology relating to chemical and biological weapons, which
> may be used for interception and monitoring services in Syria and those
> which may be used to repress the civilian population of Syria. A further
> trade sanction that is imposed by the UK Regulations is to prohibit the
> provision of interception and monitoring services to, or for the benefit
> of, the Government of Syria. The UK Regulations also contain prohibitions
> relating to the landing of aircraft.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to Syria since its inception. As a result of
> Brexit, this legislation has been repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing financial licences and the Committee for
> Home Affairs is the competent authority for issuing trade licences and
> aircraft licences. Any queries should be sent
> to policyandresources@gov.gg with the subject line 'Syria Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * SYRIA - CULTURAL PROPERTY
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Syria (United Nations Sanctions) (Cultural Property) (EU Exit)
> Regulations 2020 (" the UK Regulations") in relation to the trade in
> Syrian cultural property for the purposes of compliance with United
> Nations obligations in Security Council resolution 2199 adopted by the
> Security Council on 12 February 2015.
>
> The UK Regulations replace a corresponding EU sanctions regime relating
> to Syrian cultural property which was previously implemented in the UK by
> an EU Council Decision and Regulation.
>
> The UK Regulations impose trade restrictions on the trade in Syrian
> cultural property or any other item of archaeological, historical,
> cultural, rare scientific or religious importance, illegally removed from
> Syria on or after 15 March 2011.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the UN
> sanctions regime relating to Syrian cultural property since its
> inception, either directly or by implementing the corresponding EU
> regime. As a result of Brexit, this legislation has been repealed and
> replaced by the Sanctions (Implementation of UK Regimes) (Bailiwick of
> Guernsey) (Brexit) Regulations, 2020 ("the 2020 regulations"), which
> implement the UK Regulations.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> There is no licensing regime under the UK Regulations. Any queries should
> be sent to policyandresources@gov.gg with the subject line 'Syria
> Cultural Property Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * TERRORISM FINANCING
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019 (" the UK
> Regulations") and the Counter-Terrorism (International Sanctions) (EU
> Exit) Regulations 2019("the UK International Regulations").The purpose of
> both the UK Regulations and the UK International Regulations is to
> further the prevention of terrorism in the United Kingdom and elsewhere,
> to protect the interests of national security in the UK, and to implement
> obligations under United Nations Security Council Resolution 1373 (2001).
>
> The UK Regulations and the UK International Regulations between them
> replace certain provisions of Terrorist Asset-Freezing etc. Act 2010
> which previously implemented Resolution 1373 (2001) in the UK, and the UK
> International Regulations also replace an autonomous EU regime in respect
> of ISIL (Da'esh) and Al-Qaida which was previously implemented in the UK
> by an EU Council Decision and Regulation.
>
> The UK Regulations enable HM Treasury to designate persons involved in
> terrorism, who are subject to financial sanctions, including having their
> funds and economic resources frozen.
>
> The UK International Regulations enable the Secretary of State to
> designate persons involved in terrorism, wherever the involvement took
> place, who may be made subject to travel bans or financial sanctions,
> including having their funds and/or economic resources frozen. Persons
> designated under the UK International Regulations may also be subject to
> trade restrictions on military goods and military technology and
> associated services.
>
> The restrictions under the UK Regulations and the UK International
> Regulations are subject to exemptions applicable to certain transactions
> or activities, and also do not apply to anything that is permitted under
> a licence granted by the authorities.
>
> Further information about Counter-Terrorism measures is available here
> Counter-Terrorism Measures - States of Guernsey (gov.gg). This page
> provides access to an Advisory Memorandum issued by the Policy &
> Resources Committee about UN measures in relation to terrorism and
> terrorism financing. The Advisory Memorandum is also available to
> download [199kb].
>
> BAILIWICK LEGISLATION
>
> The Bailiwick implements Resolution 1373 (2001) in two ways. The first is
> under the Sanctions (Implementation of UK Regimes) (Bailiwick of
> Guernsey) (Brexit) Regulations, 2020 ( "the 2020 regulations"). The 2020
> regulations implement both the UK Regulations and the UK International
> Regulations in the Bailiwick. All persons designated under the UK
> Regulations the UK International Regulations are included in the regime
> -specific list and the consolidated list of individuals and entities
> targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations or the UK International Regulations Regulations
> as soon as it is made, and is therefore immediately effective in the
> Bailiwick.
>
> The second way in which the Bailiwick implements Resolution 1373 (2001)
> is under the Terrorist Asset-Freezing (Bailiwick of Guernsey) Law,
> 2011 ("2011 Law'), which imposes financial sanctions on persons
> designated by the Policy & Resources Committee. These sanctions
> effectively mirror the financial sanctions under the UK Regulations.
> They are subject to exemptions applicable to certain transactions or
> activities, and also do not apply to anything that is permitted under a
> licence granted by the Policy & Resources Committee.
>
> 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. Guidance to assist other jurisdictions in making
> a designation request under the Terrorist Asset Freezing Law is available
> here [170kb]. In the event that a designation is made by the Policy &
> Resources Committee, the Policy & Resources Committee will also consider
> whether there are assets linked to the designated person in another
> jurisdiction and if so, whether it should request that jurisdiction to
> freeze the assets. Businesses and charities, especially those with
> international links, should keep in mind the importance of identifying
> any possible designation targets to the Policy & Resources Committee, and
> any assets located in another jurisdiction that may be relevant to a
> designation made by the Policy & Resources Committee.
>
> Any person who wishes to request a designation or to provide any
> information in respect of a possible designation or the location of
> relevant assets should contact the Financial Crime Policy Office 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 download here
> [204kb].
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> OUTREACH
>
> Members of the Sanctions Committee regularly provide outreach in relation
> to terrorism - related sanctions. In the first quarter of 2017 the Policy
> and Resources Committee, in liaison with the Sanctions Committee, held a
> conference with international speakers on International Terrorist
> Financing: Risk Awareness and Mitigation for businesses in Guernsey. The
> slides here [18kb] articulate messages which have routinely been issued
> by member authorities of the Sanctions Committee to the private sector.
> Information provided at briefings for the private sector by the Policy &
> Resources Committee, in liaison with the Sanctions Committee, in Guernsey
> in May 2023 is available here [265kb]. Information provided at briefings
> for the private sector by the Policy & Resources Committee, in liaison
> with the Sanctions Committee, in Guernsey in August 2023 is
> available here [8Mb]. Information on terrorist financing risks provided
> at briefings for the private sector by the Guernsey authorities in
> December 2023 are available here: Guernsey Authorities Terrorist
> Financing Risks - Presentation 2023 [753kb] The slides for the Terrorist
> Financing briefings conducted by RUSI in March 2024 can be found here
> [678kb].
>
> In addition, Guernsey's anti-money laundering and counter terrorist
> financing authorities have put together a guidance document on terrorist
> financing, which was issued by the P&R Committee to the private sector in
> November 2019, and which is now made public. This document, available
> here [2Mb], will assist businesses and third sector organisations in
> ensuring their counter terrorist financing measures are up-to-date and
> comprehensive. It should be read in conjunction with the report on
> Guernsey's anti-money laundering and counter terrorist financing national
> risk assessment, which can be found here.
>
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing financial licences and the Committee for
> Home Affairs is the competent authority for issuing trade licences.
> The Policy & Resources Committee is the competent authority for the
> purposes of the 2011 Law. Any queries should be sent
> to policyandresources@gov.gg with the subject line 'Terrorism
> Financing Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * UNAUTHORISED DRILLING ACTIVITIES
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Unauthorised Drilling Activities in the Eastern Mediterranean (Sanctions)
> (EU Exit) Regulations 2020 (" the UK Regulations") for the purposes of
> discouraging any hydrocarbon exploration, production or extraction
> activity which has not been authorised by the Republic of Cyprus within
> its territorial sea or in its exclusive economic zone or on its
> continental shelf including, in cases where the exclusive economic zone
> or continental shelf has not been delimited in accordance with
> international law with a State having an opposite coast, activities which
> may jeopardise or hamper the reaching of a delimitation agreement.
>
> The UK Regulations replace a EU sanctions regime relating to
> unauthorized drilling activities carried out by Turkey that was
> previously implemented in the UK by EU Council Decisions and Regulations.
>
> The UK Regulations enable the Secretary of State to designate persons who
> may be made subject to travel bans or financial sanctions, including
> having their funds or economic resources frozen.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to unauthorized drilling activities carried out
> by Turkey since its inception. As a result of Brexit, this legislation
> has been repealed and replaced by the Sanctions (Implementation of UK
> Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 ("the 2020
> regulations"), which implement the UK Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> licensing authority in relation to these sanctions. Any queries should be
> sent to policyandresources@gov.gg with the subject line 'Unauthorised
> Drilling Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * VENEZUELA
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Venezuela (Sanctions) (EU Exit) Regulations 2019 ("the UK Regulations")
> for the purposes of encouraging the Government of Venezuela to: respect
> democratic principles and institutions, the separation of powers and the
> rule of law; refrain from the repression of civil society; participate in
> good faith in negotiations with its political opponents; comply with
> international human rights law and respect human rights.
>
> The UK Regulations replace a corresponding EU sanctions regime relating
> to Venezuela, which was previously implemented in the UK by an EU Council
> Decision and Regulation.
>
> The UK Regulations enable the Secretary of State to designate persons who
> may be made subject to travel bans or financial sanctions, including
> having their funds or economic resources frozen.
>
> The UK Regulations also impose trade restrictions on specified goods and
> technology which may be used to repress the civilian population of
> Venezuela and on specified goods and technology which may be used for
> interception and monitoring. A further trade sanction imposed by the UK
> Regulations is the prohibition on providing interception and monitoring
> services to, or for the benefit of, the Government of Venezuela.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to Venezuela since its inception. As a result
> of Brexit, this legislation has been repealed and replaced by the
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing financial licences and the Committee for
> Home Affairs is the competent authority for issuing trade licences. Any
> queries should be sent to policyandresources@gov.gg with the subject line
> 'Venezuela Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * YEMEN
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Yemen (Sanctions) (EU Exit) Regulations 2020 (" the UK Regulations") to
> comply with United Nations obligations relating to Yemen, and for the
> purposes of promoting the peace, stability and security of Yemen.
>
> The UK Regulations replace a corresponding EU sanctions regime relating
> to Yemen, which was previously implemented in the UK by an EU Council
> Decision and Regulation.
>
> The effect of the UK Regulations is that persons who are listed by the UN
> are designated persons for the purposes of the UK Regulations. The UK
> Regulations also enable the Secretary of State to designate persons
> involved in the commission of serious human rights violations or abuses
> in Yemen, obstructing the delivery or distribution of, or access to,
> humanitarian assistance in Yemen, and other acts which undermine the
> peace, stability and security of Yemen. Designated persons may be made
> subject to travel bans and financial sanctions, including having their
> funds or economic resources frozen. The UK Regulations also impose trade
> restrictions on military goods and military technology and associated
> services.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to Yemen since its inception. As a result of
> Brexit, this legislation has been repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing financial licences and the Committee for
> Home Affairs is the competent authority for issuing trade licences. Any
> queries should be sent to policyandresources@gov.gg with the subject line
> 'Yemen Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
>
>
> * ZIMBABWE
>
> * BACKGROUND
>
> Following the UK's withdrawal from the European Union, the UK enacted the
> Zimbabwe (Sanctions) (EU Exit) Regulations 2019 ("the UK Regulations")
> for the purposes of encouraging the Government of Zimbabwe to: respect
> democratic principles and institutions and the rule of law; refrain from
> the repression of civil society; comply with international human rights
> law and to respect human rights.
>
> The UK Regulations replace a corresponding EU sanctions regime relating
> to Zimbabwe, which was previously implemented in the UK by an EU Council
> Decision and Regulation.
>
> The UK Regulations enable the Secretary of State to designate persons who
> may be made subject to travel bans and financial sanctions, including
> having their funds or economic resources frozen. The UK Regulations also
> impose trade restrictions on specified goods and technology, including
> those which may be used to repress the civilian population of Zimbabwe.
>
> The restrictions under the UK Regulations are subject to exemptions
> applicable to certain transactions or activities, and also do not apply
> to anything that is permitted under a licence granted by the
> authorities.
>
> BAILIWICK LEGISLATION
>
> The Bailiwick has had domestic legislation in place to implement the EU
> sanctions regime relating to Zimbabwe since its inception. As a result of
> Brexit, this legislation has been repealed and replaced by the Sanctions
> (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)
> Regulations, 2020 ("the 2020 regulations"), which implement the UK
> Regulations.
>
> All persons designated under the UK Regulations are included in the
> regime -specific list and the consolidated list of individuals and
> entities targeted by sanctions on the OFSI website (see link below).
>
> Any addition to the list of designated persons is automatically effective
> under the UK Regulations as soon as it is made, and is therefore
> immediately effective in the Bailiwick.
>
> 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.
>
> Failure to comply with any obligations under the UK Regulations, as
> implemented by the 2020 regulations, or under the Sanctions (Bailiwick of
> Guernsey) Law, 2018 ("the Sanctions Law") is a criminal offence under the
> Sanctions Law punishable with imprisonment and/or a fine.
>
> REPORTING OBLIGATIONS
>
> There are relevant reporting obligations under the Sanctions (Bailiwick
> of Guernsey) Law, 2018 ("the Sanctions Law") which apply to businesses
> that are subject to the Bailiwick's regime for countering money
> laundering and terrorist financing. These are obligations to report to
> the Policy and Resources Committee knowledge or suspicion that a person
> is a sanctioned person, is linked to a sanctioned person or has committed
> a sanctions breach, together with the information on which the knowledge
> or suspicion is based. Further information on these obligations is
> available here: guidance on reporting obligations [154kb]
>
> The same businesses are subject to reporting obligations under the UK
> Regulations. These obligations are similar to those under the Sanctions
> Law, but in addition require a business to specify 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, and to report certain types of exempt transaction.
>
> Failure to comply with the reporting obligations under the Sanctions Law
> or under the UK Regulations 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 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
>
> Under the 2020 regulations, the Policy & Resources Committee is the
> competent authority for issuing financial licences and the Committee for
> Home Affairs is the competent authority for issuing trade licences. Any
> queries should be sent to policyandresources@gov.gg with the subject line
> 'Zimbabwe Sanctions'.
>
> Relevant links:
>
> UK Sanctions List
> https://www.gov.uk/government/publications/the-uk-sanctions-list
>
> OFSI Consolidated Lists of Financial Sanctions Targets
> https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
>
> Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)
> (Brexit) Regulations, 2020 [673kb]
The Policy & Resources Committee can be contacted at:
Financial Crime Policy Office
Sir Charles Frossard House
La Charroterie
St Peter Port
Guernsey
GY1 1FH
Channel Islands
Tel: +44 1481 223220
Email: policyandresources@gov.gg
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TF slides - Stephen Reimer March 2024
Contact Us - Sanctions
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