Sanctions Update

Last month saw various announcements made in respect of sanctions regimes at a European level as well as in the UK and USA.

Below, we highlight some of the sanctions changes which may impact upon Guernsey businesses dealing with individuals or entities connected to particular jurisdictions.

Please note that, pursuant to Bailiwick Ordinances (giving effect to EU Regulations) and Orders in Council (giving effect to UN Security Council Resolutions), amendments to the lists of designated individuals or entities are automatically effective in Guernsey without the need for further domestic legislation.