Changeflow GovPing Banking & Finance Sanctions Notice - Russia General Licence Issued
Priority review Guidance Amended Final

Sanctions Notice - Russia General Licence Issued

Favicon for www.gfsc.gg Guernsey GFSC News
Published March 26th, 2026
Detected March 27th, 2026
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Summary

The Guernsey Policy & Resources Committee has issued a new general licence under the Russia Regulations, replacing an expired licence. This notice provides information on the new licence and directs queries to the designated email address.

What changed

The Guernsey Policy & Resources Committee has issued a new general licence (GY/RUSSIA/2026/GL1) under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations, 2019, as implemented in the Bailiwick. This new licence supersedes the previously expired licence GY/RUSSIA/2025/GL1.

Entities affected by sanctions related to Russia must consult the attached general licence for updated authorisations. Any questions regarding this notice should be directed to the specified email address with the subject line "Russia Sanctions". Further information is available on the States of Guernsey website.

What to do next

  1. Review the attached general licence for updated authorisations regarding Russia sanctions.
  2. Direct any queries to [email protected] with the subject line "Russia Sanctions".

Source document (simplified)

News

Sanctions Notice - Russia - General Licence

26th March 2026
- Sanctions
Please be advised that the Policy & Resources Committee (the Committee) has issued the attached general licence under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations, 2019, as implemented in the Bailiwick by the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 (the Russia Regulations). This general licence replaces GY/RUSSIA/2025/GL1 which has now expired.

The licence can also be found online at www.gov.gg/finance-sanctions.

MEASURES WHICH SHOULD BE TAKEN

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

Further information on issues in relation to sanctions is available on the States of Guernsey website at http://www.gov.gg/sanctions.

Categories

Archive

Source

Analysis generated by AI. Source diff and links are from the original.

Classification

Agency
GFSC
Published
March 26th, 2026
Instrument
Guidance
Legal weight
Binding
Stage
Final
Change scope
Substantive
Supersedes
GY/RUSSIA/2025/GL1

Who this affects

Industry sector
5221 Commercial Banking 5231 Securities & Investments 5239 Asset Management 5241 Insurance 5242 Health Insurance 5222 Fintech & Digital Payments
Activity scope
Sanctions Compliance
Geographic scope
GG GG

Taxonomy

Primary area
Sanctions
Operational domain
Compliance
Compliance frameworks
OFAC Sanctions BSA/AML
Topics
International Trade Financial Crime

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