The Guernsey Financial Services Commission has alerted businesses that details for Nadia Cherkasova, unique ID RUS1636, have been amended under the UK Russia sanctions regime. Cherkasova remains designated and subject to sanctions, including an asset freeze, under UK measures implemented in the Bailiwick of Guernsey. Businesses must check whether they maintain accounts or other relationships connected to Cherkasova or any other designated person. Relevant funds and economic resources must be frozen immediately if they are not already frozen, and findings must be reported immediately to the Policy & Resources Committee. Businesses must not make funds or economic resources available to designated persons, entities they own or control, or parties acting on their behalf, except under an applicable derogation or licence. Firms that identify an affected relationship must also report it to the Commission as soon as reasonably practicable after meeting their statutory reporting obligations. The report must identify the relevant customer, beneficial owner, key principal, transaction or asset and describe the relationship or transaction, including its value.
Guernsey Financial Services Commission alerts firms to amended Russia sanctions details for Nadia Cherkasova
The Guernsey Financial Services Commission has notified businesses that details for Nadia Cherkasova have been amended, although she remains subject to Russia sanctions and an asset freeze. Businesses must check for affected relationships, freeze relevant assets and make the required reports to the Policy & Resources Committee and, where applicable, the Commission.