The Guernsey Financial Services Commission has published a sanctions notice following the addition of four individuals to the United Nations Security Council Committee’s Sudan sanctions list under Resolution 1591 (2005). The notice highlights that the UN Consolidated List has been updated and that the corresponding changes are automatically effective in the UK under the Sudan (Sanctions) (EU Exit) Regulations 2020 and given effect in the Bailiwick of Guernsey under the local regulations made under the Sanctions (Bailiwick of Guernsey) Law, 2018. Firms are required to check for any accounts or relationships involving the newly listed persons, Gedo Hamdan Ahmed (SDi.007), Abdul Rahim Hamdan Dagalo (SDi.008), Al-Fateh Abdullah Idris (SDi.009) and Tijani Ibrahim Moussa Mohamed (SDi.010), as well as any other designated persons under the relevant legislation. Any funds, other assets or economic resources belonging to, owned, held or controlled by designated persons, including derived interests such as dividends, and assets held for or controlled on their behalf, must be treated as frozen with immediate effect where not already frozen, and findings must be reported immediately to the States of Guernsey Policy & Resources Committee in line with the reporting obligations in section 14 of the Sanctions Law. The notice also reiterates the prohibition on making funds or economic resources available to or for the benefit of designated persons, entities owned or controlled by them, or persons acting on their behalf, except where a permitted derogation applies or a licence has been issued by the Policy & Resources Committee, and requires firms to notify the Commission of affected relationships and submit a report under Handbook Rule 12.37 including, at minimum, the relevant name and the nature of the relationship or transaction and its value.

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