Sanctions Regimes – Navigating the Minefield

Sanctions regimes across the globe are ever-changing, placing a significant burden upon businesses to remain informed as to the identities of the nations and entities affected by those regimes.

The European Union and the United Nations are constantly revising and drafting new sanctions regimes for implementation, which have a direct impact upon Guernsey businesses. This can create confusion for those potentially affected.

Are you up to date with the sanctions regimes?

Changes to the lists of designated persons or entities targeted by a particular regime (whether under an EU Regulation, a UN Resolution or the Terrorist Asset Freezing etc. Act 2010) are automatically effective in Guernsey. As such, there is a substantial risk to Guernsey businesses, which could be in breach of a regime without even realising it.