The Guernsey Financial Services Commission has notified businesses that the vessel AVAX, IMO 9058713 and Unique ID LIB0079, has been specified under the UK’s Libya sanctions regime, which is implemented in the Bailiwick of Guernsey. All businesses must check for relationships linked to the vessel, assess the applicable obligations and immediately report any findings to the Policy & Resources Committee. Where an affected relationship is identified, regulated firms must also notify the Commission as soon as reasonably practicable after meeting their statutory reporting obligations. The report must include the relevant customer, beneficial owner, key principal, transaction or asset, together with the nature and value of the relationship, transaction or asset.
Guernsey Financial Services Commission2026-07-24
Guernsey Financial Services Commission notifies firms of AVAX specification under Libya sanctions
The Guernsey Financial Services Commission has notified businesses that AVAX, IMO 9058713, has been specified under the Libya sanctions regime. Businesses must screen for linked relationships and report findings immediately to the Policy & Resources Committee, while regulated firms must subsequently provide specified information to the Commission.