The Guernsey Financial Services Commission published a Russia sanctions notice advising that the listing details for the ship VICTOR KONETSKY have been amended and reminding businesses to check for any exposure and comply with applicable reporting obligations. The amended entry identifies the vessel as VICTOR KONETSKY (IMO 9301421; unique ID RUS2465) specified under the Russia (Sanctions) (EU Exit) Regulations 2019, which are implemented in the Bailiwick through Guernsey’s UK-sanctions implementing regulations made under the Sanctions (Bailiwick of Guernsey) Law 2018. All businesses must check whether they have any business relationships linked to the ship, report any findings immediately to the States of Guernsey Policy & Resources Committee, and take any other steps required to meet the section 14 reporting obligations under the Sanctions Law. Where an affected relationship is identified, firms should also notify the Commission and provide a Handbook Rule 12.37 report covering, at a minimum, the relevant customer or transaction/asset details and the nature and value of the relationship, after completing statutory reporting to the Policy & Resources Committee.
Guernsey Financial Services Commission 2025-07-24
Guernsey Financial Services Commission issues notice on amended Russia sanctions ship listing for VICTOR KONETSKY
The Guernsey Financial Services Commission issued a Russia sanctions notice updating the listing details for the ship VICTOR KONETSKY under the Russia (Sanctions) (EU Exit) Regulations 2019. Businesses must verify connections to the vessel, report findings to the States of Guernsey Policy & Resources Committee, and comply with section 14 reporting obligations under the Sanctions Law. Affected firms must also notify the Commission and submit a Handbook Rule 12.37 report after statutory reporting.