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Council Regulation (EU) No 267/2012, as implemented in the Bailiwick by the Iran (Restrictive Measures) (Guernsey) Ordinance, 2012, the Iran (Restrictive Measures) (Alderney) Ordinance, 2012 and the Iran (Restrictive Measures) (Sark) Ordinance, 2012, has been amended by Council Implementing Regulation (EU) No 2017/1124.

The Implementing Regulation is available here: Council Implementing Regulation (EU) 2017/1124

The effect of the amendment, which is automatically effective in the Bailiwick, is to update and amend the details in respect of 23 individuals and 14 entities on the list of persons subject to financial sanctions.



All businesses must check whether they maintain any accounts or otherwise have any kind of relationship with any 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 asset freezes is available on the States of Guernsey website at