The Guernsey Financial Services Commission has alerted firms that the UK Sanctions List entry for Liran Cohen, designated under The Russia (Sanctions) (EU Exit) Regulations 2019, has been varied. Cohen remains subject to an asset freeze, travel ban, trust services sanctions and a director disqualification sanction. The UK measures have effect in the Bailiwick of Guernsey through the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020. Businesses must check whether they hold accounts or other relationships linked to Cohen or any other designated person or entity and must freeze any relevant funds, assets or economic resources immediately if not already frozen. They must not make funds or economic resources available directly or indirectly to designated persons, entities they own or control, or persons acting on their behalf, except where a permitted derogation applies or a licence has been issued by the Policy & Resources Committee. Any findings must be reported immediately to the Policy & Resources Committee in line with section 14 of the Sanctions Law, and affected firms must also notify the Commission and then submit a Handbook Rule 12.37 report covering the relevant customer, beneficial owner, key principal, transaction or asset, together with the nature and value of the relationship or transaction.
Guernsey Financial Services Commission2026-06-05
Guernsey Financial Services Commission notifies firms of revised UK sanctions listing for Liran Cohen
The Guernsey Financial Services Commission said the UK sanctions listing details for Liran Cohen have been varied, while the individual remains subject to an asset freeze, travel ban, trust services sanctions and director disqualification. Firms must check for relevant relationships, freeze any affected assets, avoid making funds or resources available, and report affected relationships to both the Policy & Resources Committee and the Commission.