Guernsey Financial Services Commission confirms Abdelhafiz Zlitni has been removed from the UN Libya sanctions regime

The Guernsey Financial Services Commission issued a Libya sanctions notice confirming that ABDELHAFIZ ZLITNI (Group ID: 11701) has been removed from the UN Libya sanctions regime and is no longer subject to an asset freeze. The consolidated list has been updated. The notice reiterates that UK sanctions regulations are implemented in the Bailiwick of Guernsey through the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 under the Sanctions (Bailiwick of Guernsey) Law, 2018. Firms are required to check for accounts or other relationships with the individual and with any other designated persons and, where a designated person is identified, to treat relevant funds or economic resources as frozen and to comply with statutory reporting obligations to the Policy & Resources Committee, including restrictions on making funds or economic resources available except where a permitted derogation applies or a licence has been issued. Where an affected relationship is identified, firms should also notify the Commission and, under Handbook Rule 12.37, submit a report setting out at least the relevant customer or transaction details and the nature and value of the relationship or transaction as soon as reasonably practicable after meeting the statutory reporting requirements.