Guernsey Financial Services Commission adds four individuals to Global Human Rights sanctions asset-freeze notice

The Guernsey Financial Services Commission has issued a sanctions notice advising that four individuals have been added to the list of persons designated under the United Kingdom Global Human Rights Sanctions Regulations 2020 and are subject to an asset freeze in the Bailiwick of Guernsey. The additions are Shalva Bedoidze (GHR0152), Mirza Kezevadze (GHR0153), Karlo Katsitadze (GHR0154) and Giorgi Gabitashvili (GHR0155), which also appear on the consolidated list. The notice reminds businesses to check whether they maintain any accounts or other relationships with the designated persons (or other designated persons) and to treat relevant funds, assets and economic resources as frozen with immediate effect where not already frozen, including assets held or controlled directly or indirectly and assets linked to persons acting on their behalf or at their direction. Firms must report findings immediately to the States of Guernsey Policy & Resources Committee and comply with statutory reporting obligations under the Sanctions (Bailiwick of Guernsey) Law, 2018, and must not make funds or economic resources available to designated persons or related owned or controlled entities except where a permitted derogation applies or a licence has been issued; affected relationships should also be notified to the Commission, with a report meeting the minimum content requirements of Handbook Rule 12.37 provided as soon as reasonably practicable after statutory reporting to the Policy & Resources Committee.