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BSQUARE TECHNOLOGY CO. LTD. Sanctions Entry Corrected - Asset Freeze Remains in Force

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Summary

The Guernsey Financial Services Commission issued a correction notice for BSQUARE TECHNOLOGY CO. LTD. (Unique ID: GHR0183) under the Global Human Rights Sanctions Regulations 2020. The entity remains subject to an Asset Freeze and Director Disqualification Sanction on the UK sanctions list. All Guernsey-regulated businesses must immediately check for relationships with the entity, freeze any associated funds or assets, and report findings to the Policy & Resources Committee and GFSC.

Published by GFSC on gfsc.gg . Detected, standardized, and enriched by GovPing. Review our methodology and editorial standards .

What changed

The GFSC published a correction to the sanctions entry for BSQUARE TECHNOLOGY CO. LTD. on the Global Human Rights Sanctions Regulations 2020. The entity continues to be subject to an Asset Freeze and Director Disqualification Sanction. The UK regulations are given effect in Guernsey through the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 made under the Sanctions (Bailiwick of Guernsey) Law, 2018.

All Guernsey-regulated businesses must immediately verify whether they hold any accounts or relationships with this entity, freeze all associated funds and assets, and submit mandatory reports to both the Policy & Resources Committee and GFSC under sections 14 and 15 of the Sanctions Law. Businesses must also refrain from making any funds or economic resources available to the sanctioned entity unless operating under a permitted derogation or licence issued by the Policy & Resources Committee.

What to do next

  1. Check whether you maintain any accounts or have any relationship with BSQUARE TECHNOLOGY CO. LTD.
  2. Treat any funds, assets or economic resources belonging to the entity as frozen with immediate effect
  3. Report any findings to the Policy & Resources Committee immediately
  4. Report identified relationships to the Guernsey Financial Services Commission
  5. Provide a report to the Commission setting out the name of the customer, beneficial owner or transaction linked to the sanctioned entity and the nature of the relationship including asset value

Archived snapshot

Apr 17, 2026

GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.

News

Sanctions Notice - Global Human Rights

17th April 2026
- Sanctions
Please be advised that the following entry has been corrected on the Global Human Rights Sanctions Regulations 2020 (the UK regulations):

  • BSQUARE TECHNOLOGY CO. LTD. (Unique ID: GHR0183) The entity above remains subject to an Asset Freeze and Director Disqualification Sanction, and appears on the UK sanctions list, which can be found here.

The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 that have been made under the Sanctions (Bailiwick of Guernsey) Law, 2018 (the Sanctions Law).

MEASURES WHICH SHOULD BE TAKEN

All businesses must check whether they maintain any accounts or otherwise have any kind of relationship with the entity referred to above or to any other natural or legal person, entity or body designated under the legislation referred to above and must treat any funds, other assets or economic resources

  • directly or indirectly belonging to, owned, held or controlled by them, whether wholly or jointly, or
  • that comprise interest, dividends or other forms of property derived from any funds or economic resources that belong to them or are owned, held or controlled by them, whether directly or indirectly and wholly or jointly, or
  • belonging to individuals or entities acting on their behalf or at their direction, whether wholly or jointly as frozen with immediate effect if this is not already the case. Businesses must report any findings to the Policy & Resources Committee immediately. They must also ensure that they have taken all other steps that may be required in order to comply with the reporting obligations at section 14 of the Sanctions Law.

Businesses must also refrain from making any funds or economic resources available directly or indirectly, wholly or jointly, to or for the benefit of

  • any designated person, entity or body
  • any entity directly or indirectly owned or controlled by a designated person, entity or body, whether wholly or jointly
  • any individuals or entities acting on behalf or at the direction of a designated person, entity or body, whether wholly or jointly other than in respect of transactions that come within a permitted derogation as determined by the Policy & Resources Committee, or in accordance with a licence issued by the Policy & Resources Committee, as the case may be.

The information referred to above is required by the Policy & Resources Committee in the exercise of its powers under section 15 of the Sanctions Law.

Any information or queries should be sent to [email protected] with the subject line “Global Human Rights Sanctions”.

Where you have identified an affected relationship as set out above, please also inform the Guernsey Financial Services Commission via email to [email protected] providing short form information on the nature of the sanction connection and the measures you have taken or intend to take.

Handbook Rule 12.37, requires that, where you have identified an affected relationship as set out above, the firm must provide a report to the Commission which sets out, as a minimum: a) the name of the customer, beneficial owner, key principal or the transaction and/or asset linked to a sanctioned/designated person; and b) the nature of the business relationship or occasional transaction, including the transaction and/or asset value.

This report should be provided to the Commission as soon as reasonably practicable after the firm has met the statutory reporting requirements to the States of Guernsey Policy and Resources Committee.

Further information on the effect of asset freezes and related issues including licences is available on the States of Guernsey website at http://www.gov.gg/sanctions.

Categories

Archive

Named provisions

Section 14 - Reporting Obligations Section 15 - Exercise of Powers Handbook Rule 12.37

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Last updated

Classification

Agency
GFSC
Filed
April 17th, 2026
Instrument
Enforcement
Legal weight
Binding
Stage
Final
Change scope
Substantive

Who this affects

Applies to
Banks Financial advisers Investment firms
Industry sector
5221 Commercial Banking
Activity scope
Sanctions compliance Asset freeze reporting Customer due diligence
Geographic scope
GG GG

Taxonomy

Primary area
Sanctions
Operational domain
Compliance
Compliance frameworks
OFAC Sanctions
Topics
Banking Anti-Money Laundering

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