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Council Regulation (EU) 359/2011, as implemented by the Iran (Freezing of Funds)(Guernsey) Ordinance 2011, the Iran (Freezing of Funds)(Alderney ) Ordinance 2011and the Iran (Freezing of Funds)(Sark) Ordinance 2011, has been amended by Council Implementing Regulation (EU) No 2016/556 .

The Implementing Regulation is available here:

Implementing Regulation 2016/556

The effect of the amendments, which are automatically effective in the Bailiwick, is to remove 1 natural person from the list of persons subject to an asset freeze and related financial prohibitions, and to update the details in respect of existing listings for 22 natural persons.  



All businesses must check whether they maintain any accounts or otherwise hold any funds or economic resources for any person designated under the legislation listed above and treat any such accounts, funds or economic resources as frozen with immediate effect if this is not already the case. They must report any findings to the Policy Council immediately. Businesses must also refrain from making any funds or economic resources available directly or indirectly to any designated person unless licensed by the Policy Council.

The information referred to above is required by the Policy Council in the exercise of its powers under the Schedule to each of the Ordinances listed above.

Any information or queries should be sent to with the subject line "Iran ".

Further information on the effect of asset freezes and related issues including licences is available on the States of Guernsey website at