The Guernsey Financial Services Commission (GFSC) issued a sanctions notice advising that Slobodan Tesic, previously designated under the UK Global Anti-Corruption Sanctions Regulations 2021, has been removed from the consolidated list and is no longer subject to an asset freeze. The consolidated list has been updated accordingly. The UK regime is given effect in the Bailiwick of Guernsey through the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 made under the Sanctions (Bailiwick of Guernsey) Law, 2018. Where firms have identified an affected relationship, Handbook Rule 12.37 requires a report to the GFSC covering, at a minimum, the relevant customer or asset linked to the sanctioned or designated person and the nature of the business relationship or transaction, including values, submitted as soon as reasonably practicable after statutory reporting to the States of Guernsey Policy and Resources Committee.
Guernsey Financial Services Commission 2025-06-20
Guernsey Financial Services Commission notifies removal of Slobodan Tesic from the UK Global Anti-Corruption sanctions consolidated list
The Guernsey Financial Services Commission (GFSC) announced the removal of Slobodan Tesic from the UK Global Anti-Corruption Sanctions Regulations 2021 consolidated list, lifting the asset freeze. Firms must report any affected relationships to the GFSC per Handbook Rule 12.37, detailing the customer or asset involved and the nature of the business relationship or transaction.