The Guernsey Financial Services Commission advised firms that the sanctions entry for Christodoulos Georgiou Vassiliades has been varied, but that he remains designated under the Russia sanctions regime as implemented in the Bailiwick of Guernsey. The listing continues to carry an asset freeze, travel ban, trust services sanctions and a director disqualification sanction, and the individual remains on the UK sanctions list. Businesses must check whether they hold accounts or maintain any other relationship with the individual or with any other designated person, entity or body, and must freeze relevant funds, assets and economic resources immediately if that has not already been done. They must report any findings to the Policy & Resources Committee, comply with section 14 reporting obligations under the Sanctions Law, and refrain from making funds or economic resources available directly or indirectly to designated persons, their owned or controlled entities, or persons acting on their behalf, unless a permitted derogation or licence applies. Where an affected relationship is identified, firms must also notify the Commission and, under Handbook Rule 12.37, submit a report as soon as reasonably practicable after the statutory report to the Policy & Resources Committee, including the sanctioned link and the nature and value of the relationship, transaction or asset.
Guernsey Financial Services Commission2026-07-15
Guernsey Financial Services Commission notes varied Russia sanctions entry, Christodoulos Georgiou Vassiliades remains subject to asset freeze and travel ban
The Guernsey Financial Services Commission said the sanctions entry for Christodoulos Georgiou Vassiliades has been varied, but he remains subject to Russia sanctions including an asset freeze, travel ban, trust services sanctions and director disqualification. Firms must check for affected relationships, freeze relevant assets, report to the Policy & Resources Committee, and also notify the Commission with the required sanctions report.