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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 2011 and the Iran (Freezing of Funds) (Sark) Ordinance 2011, has been amended by Council Implementing Regulation (EU) No 2017/685.

The Implementing Regulation is available here:

Council Implementing Regulation (EU) 2017/685

The effect of the amendments, which are automatically effective in the Bailiwick, is to update the details in respect of a number of individuals (the listed persons) on the list of persons subject to an asset freeze and related financial prohibitions.



All businesses must check whether they maintain any accounts or otherwise have any kind of relationship with the listed persons or with any other natural or legal persons, entities or bodies designated under the legislation, and must treat any funds or economic resources belonging to, owned, held or controlled by them as frozen with immediate effect if this is not already the case. They must report any findings to the Policy and Resources Committee immediately. Businesses must also refrain from making any funds or economic resources available directly or indirectly to, or for the benefit of, any designated person, entity or body unless authorised by the Policy and Resources Committee.

The information referred to above is required by the Policy and Resources Committee 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