The Guernsey Financial Services Commission issued a sanctions notice advising that identifying details have been amended for seven individuals designated under the UK ISIL (Da’esh) and Al-Qaida (Sanctions) (EU Exit) Regulations 2019, as implemented in Guernsey. The individuals remain subject to an asset freeze and remain on the consolidated list. The amended entries relate to Abd El Kader Mahmoud Mohamed El Sayed, Al-Azhar Ben Khalifa Ben Ahmed Rouine, Gulmurod Khalimov, Ibrahim Ali Abu Bakr Tantoush, Shafi Sultan Mohammed Al-Ajmi, Sulaiman Jassem Sulaiman Ali Abo Ghaith and Aris Sumarsono. Businesses are required to check for any accounts or other relationships with these or any other designated persons and, if not already done, immediately freeze any funds, assets or economic resources belonging to, owned, held or controlled by them, including jointly, indirectly and through persons acting on their behalf, and including derived property such as interest and dividends. Any findings must be reported to the States of Guernsey Policy & Resources Committee, and firms must not make funds or economic resources available to designated persons or entities they own or control unless covered by a permitted derogation or a licence. Where an affected relationship is identified, firms must also inform the Commission and submit a report under Handbook Rule 12.37, including at least the relevant customer, beneficial owner, key principal or linked transaction/asset, and the nature and value of the relationship or occasional transaction, as soon as reasonably practicable after meeting statutory reporting obligations to the Policy & Resources Committee.

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