The Guernsey Financial Services Commission published a sanctions notice confirming that Nikolay Ivanovich Bortsov (Group ID: 14489) has been removed from the UK Russia financial sanctions regime and is no longer subject to an asset freeze, travel ban or trust services sanctions. The Commission noted that the UK consolidated list has been updated. It also reiterated that UK sanctions regulations are given effect in the Bailiwick of Guernsey under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 made under the Sanctions (Bailiwick of Guernsey) Law, 2018.
Guernsey Financial Services Commission 2025-01-30
Guernsey Financial Services Commission confirms removal of Nikolay Ivanovich Bortsov from the UK Russia financial sanctions regime
The Guernsey Financial Services Commission announced the removal of Nikolay Ivanovich Bortsov from the UK Russia financial sanctions regime, lifting asset freeze, travel ban, and trust services sanctions. The UK consolidated list has been updated, and UK sanctions regulations continue to apply in Guernsey under the Brexit Regulations, 2020.