Guinea sanctions: guidance
GuidanceStatutory toguidance accompanyfor the Guinea (Sanctions)sanctions (EUregime, Exit)plus Regulationsa 2019.
summary of its purposes, scope and prohibitions.
Documents
Details
The Guinea (Sanctions) (EU Exit) Regulations 2019 came, fullyand intocertain forceother onregulations, 31are Decemberin 2020.force to meet the UK’s policy objectives.
This guidancesummary assistsgives peoplea inquick implementingoverview andof complyingthe withsanctions in place under the regulations.regime. It coversis thenot prohibitionscomprehensive and requirementsis imposed,not anda providesreplacement for the statutory guidance onor bestthe practiceregulations for:themselves.
complyingSummary
Regime
withis limited in scope to sanctions targeting designated persons only.Designated persons
The UK Sanctions List tells you who is designated under the
prohibitionsregime andrequirementsenforcingwhichthemcircumstancessanctionswherehavetheybeendoappliednottoapply
ThisThe statutory guidance shouldlists bein detail the sanctions that can apply in readrespect alongsideof designated morepersons, detailedincluding:
- an
sanctionsassetguidancefreezepublishedonbytheirdepartmentsfundsincludingandtheotherHomeassets - making
Officeavailable funds or economic resources to them or for their benefit - director disqualification
- immigration sanction (travel ban)
Sanctioned goods and HMservices
There Treasury,are throughno sanctions thethat Officeapply in ofrespect Financialof goods Sanctionsand Implementationservices under (OFSI).this regime.
Updates to this page
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Added summary of the regime's purposes, scope and prohibitions.
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Page has been updated for better clarity and usability. No material changes to text.
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Page navigation has been updated for better usability. No material changes to text.
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These changes reflect the Sanctions (EU Exit) (Miscellaneous Amendments) (No.2) Regulations 2024 and taken together make a range of technical changes with the purpose of improving OFSI’s ability to gather intelligence on industry’s compliance with financial sanctions, strengthen OFSI’s enforcement powers, enable OFSI to conduct its licensing responsibilities more efficiently, and clarify financial sanctions legislation where there is existing uncertainty.
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Amended to incorporate directors disqualification legislation into this guidance.
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First published.