Sanctions Notice - Global Human Rights Designations

Guernsey GFSC News

Published March 26th, 2026

Detected March 26th, 2026

Summary

The Guernsey Financial Services Commission (GFSC) has issued a sanctions notice adding individuals and entities to the Global Human Rights Sanctions Regulations 2020 list. These designations impose restrictions on the listed parties.

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What changed

The Guernsey Financial Services Commission (GFSC) has updated its sanctions list by adding several individuals and entities designated under the Global Human Rights Sanctions Regulations 2020. The notice specifically names Kuok-Koi WAN, Weizhi PANG, Soklim EANG, Thet LI, Xiaoyan WANG, An Ming WU, TIAN XU INTERNATIONAL TECHNOLOGY PLC, BSQUARE TECHNOLOGY CO. LTD, LEGEND INNOVATION CO. LTD, and XINBI COMPANY LIMITED, providing unique identifiers for each.

Financial institutions and other regulated entities in Guernsey must immediately review their customer base and transaction activities to ensure compliance with these new designations. Any assets or economic resources belonging to or controlled by the listed individuals and entities must be frozen, and no funds or economic resources may be made available to them. Failure to comply with sanctions regulations can result in significant penalties.

What to do next

Review customer and transaction data for listed individuals and entities.
Freeze assets and economic resources of designated parties.
Report any findings or blocked assets to the GFSC.

Penalties

Penalties for non-compliance with sanctions regulations can be significant.

Source document (simplified)

News

Sanctions Notice - Global Human Rights

26th March 2026
- Sanctions
Please be advised that the following have been added to the list of individuals and entities who are currently designated under the Global Human Rights Sanctions Regulations 2020 (the UK regulations):

| Name: | Unique ID: |
| Kuok-Koi WAN | GHR0181 |
| Weizhi PANG | GHR0184 |
| Soklim EANG | GHR0185 |
| Thet LI | GHR0187 |
| Xiaoyan WANG | GHR0188 |
| An Ming WU | GHR0189 |
| TIAN XU INTERNATIONAL TECHNOLOGY PLC | GHR0182 |
| BSQUARE TECHNOLOGY CO. LTD | GHR0183 |
| LEGEND INNOVATION CO. LTD | GHR0186 |
| XINBI COMPANY LIMITED | GHR0190 |
The persons/entities referred to above appear on the consolidated 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 persons 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.