The Guernsey Financial Services Commission published a sanctions notice advising that the identifying details of Abubakar Swalleh (Unique ID: AQD0388), a person designated under the United Kingdom’s ISIL (Da’esh) and Al‑Qaida sanctions regime as applied in the Bailiwick of Guernsey, have been amended. The designation remains in force and continues to be subject to an asset freeze and inclusion on the consolidated list. Firms are required to check whether they hold accounts for, or otherwise have relationships with, the designated person (and other designated persons under the relevant legislation) and to treat relevant funds, assets and economic resources as frozen with immediate effect where not already frozen. Any findings must be reported immediately to the States of Guernsey Policy & Resources Committee, and businesses must also refrain from making funds or economic resources available (directly or indirectly) to designated persons, their owned or controlled entities, or those acting on their behalf, except under a permitted derogation or licence. Where an affected relationship is identified, firms must also notify the Commission and submit a report in line with Handbook Rule 12.37, including at least the relevant party or transaction/asset details and the nature of the relationship or transaction, including value, as soon as reasonably practicable after meeting statutory reporting requirements.
Guernsey Financial Services Commission 2025-06-27
Guernsey Financial Services Commission issues sanctions notice updating details for ISIL and Al-Qaida designee Abubakar Swalleh
The Guernsey Financial Services Commission has amended the identifying details of Abubakar Swalleh under the UK's ISIL and Al-Qaida sanctions regime. The designation remains active, requiring firms to freeze relevant assets and report any findings to the States of Guernsey Policy & Resources Committee. Firms must also notify the Commission and submit a report per Handbook Rule 12.37 if an affected relationship is identified.