The Guernsey Financial Services Commission issued a sanctions notice advising businesses that the Office of Financial Sanctions Implementation’s Consolidated List of Asset Freeze Targets will stop being updated on 28 January 2026, after which the UK Sanctions List published by the Foreign, Commonwealth and Development Office will be the only reliable source for UK sanctions designations. Compliance systems that source data from the OFSI Consolidated List or rely on the ‘OFSI Group ID’ identifier will need to be updated to use data from the UK Sanctions List and the ‘Unique ID’ identifier for new designated persons. The notice encourages businesses to start changes immediately and to engage with specialist screeners or other third-party providers to understand any impacts on the data they receive. A UK Sanctions List search tool is available on GOV.UK, including filters to identify designated persons subject to an asset freeze, and functional upgrades are expected, including fuzzy logic searching. Sanctions notices will continue to be circulated in the same way, but the link included in notices has been switched from the consolidated list to the UK Sanctions List, and further guidance from the Foreign, Commonwealth and Development Office and OFSI is referenced.
Guernsey Financial Services Commission 2025-10-16
Guernsey Financial Services Commission alerts firms to move to the UK Sanctions List as OFSI consolidated list updates cease on 28 January 2026
The Guernsey Financial Services Commission announced that updates to the Office of Financial Sanctions Implementation’s Consolidated List of Asset Freeze Targets will cease on 28 January 2026. Businesses must transition to the UK Sanctions List from the Foreign, Commonwealth and Development Office, updating compliance systems accordingly. A UK Sanctions List search tool is available on GOV.UK, with enhancements like fuzzy logic searching anticipated.