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   Home > The Commission > General Information > Press Releases > 14 January 2011

PRESS RELEASE 14 January 2011

SANCTIONS GUIDANCE

The Commission has today published new sanctions guidance on its website.  The guidance has been produced in an effort to raise awareness and understanding of sanctions matters.

In broad terms, sanctions obligations are applicable:

(i) to all natural/legal persons and bodies located in Jersey or incorporated or constituted under Jersey Law; and

(ii) in respect of business done, in whole or in part, in Jersey.

The Commission therefore considers this guidance relevant to all those it regulates or supervises.

Where possible, the Commission will try to assist members of Industry with general sanctions queries. Please address any sanctions related queries by email to financialsanctions@jerseyfsc.org, having first checked to ensure that your question is not answered by the guidance. The Commission will not be able to give fact specific or legal advice on sanctions matters.

Reports made pursuant to an obligation contained in sanctions legislation should continue to be sent to the Chief Minister’s Department by email to international@gov.je or in writing to Chief Minister’s Department, International Relations, PO Box 140,
Cyril le Marquand House, St Helier, Jersey, JE4 8QT.

The new sanctions guidance will replace the guidance published to date on the Chief Minister’s webpage. 
Click here to access the new sanctions guidance.

- Ends -

For further information please contact: -

Andrew Le Brun - Director, International and Policy
Jersey Financial Services Commission
Tel: + 44 (0) 1534 822065
Fax: + 44 (0) 1534 822002
Email: financialsanctions@jerseyfsc.org

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