The Guernsey Financial Services Commission issued a sanctions notice advising that four entries have been removed from the UK Syria sanctions regime but remain subject to an asset freeze under other UK regimes as applied in the Bailiwick of Guernsey. The entries are Mohammad Ali JAFARI (Unique ID: IRN0058) and Hossein TAEB (Unique ID: IRN0039) under the Iran regime, ISLAMIC REVOLUTIONARY GUARD CORPS (IRGC) QODS FORCE (Unique ID: INU0082) under the Iran (Nuclear) regime, and SCIENTIFIC STUDIES AND RESEARCH CENTRE (SSRC) (Unique ID: CHW0006) under the Chemical Weapons regime. The notice points to the updated UK sanctions list and notes that UK regulations are given local effect via the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 under the Sanctions (Bailiwick of Guernsey) Law, 2018. Businesses must check for accounts or other relationships with the listed persons/entities and other designated parties, immediately freeze relevant funds and economic resources where not already frozen, report findings to the States of Guernsey Policy & Resources Committee, and refrain from making funds or economic resources available to designated persons or related owned/controlled entities except under a permitted derogation or a licence. Where an affected relationship is identified, firms must also inform the Commission and submit a Handbook Rule 12.37 report covering (at minimum) the relevant customer/beneficial owner/key principal or linked transaction/asset and the nature and value of the relationship or occasional transaction.
Guernsey Financial Services Commission 2025-12-17
Guernsey Financial Services Commission flags removal of four entries from the UK Syria sanctions regime while asset freezes continue under other UK regimes
The Guernsey Financial Services Commission announced the removal of four entries from the UK Syria sanctions regime, which remain subject to asset freezes under other UK regimes in Guernsey. The entities include Mohammad Ali Jafari, Hossein Taeb, the Islamic Revolutionary Guard Corps Qods Force, and the Scientific Studies and Research Centre. Businesses must verify relationships with these entities, freeze assets, report to the States of Guernsey Policy & Resources Committee, and comply with reporting obligations to the Commission.