The Guernsey Financial Services Commission has notified businesses that the details of S-Mikron Elektronik, unique ID RUS3060, have been amended on the UK sanctions list. The entity remains designated under the Russia sanctions regime, which applies in the Bailiwick of Guernsey through local implementing regulations. Businesses must check for accounts or other relationships involving the entity or any other designated person and immediately freeze relevant funds, assets and economic resources if they have not already done so. They must report findings to the Policy & Resources Committee and must not make funds or economic resources available to designated persons, entities they own or control, or persons acting on their behalf, except under an applicable derogation or licence. Where a regulated firm identifies an affected relationship, it must also report to the Commission as soon as reasonably practicable after meeting its statutory reporting obligations. The report must include the relevant customer, beneficial owner, key principal, transaction or asset, as well as the nature and value of the relationship, transaction or asset.
2026-09-14Guernsey Financial Services Commission
Guernsey Financial Services Commission advises firms of amended Russia sanctions details for S-Mikron Elektronik
The Guernsey Financial Services Commission has notified businesses that S-Mikron Elektronik’s details have been amended, but the entity remains subject to Russia sanctions. Businesses must check for affected relationships, freeze relevant assets and make the required reports, while regulated firms must also notify the Commission after fulfilling their statutory reporting obligations.