Jersey’s 2026 sanctions law: Key provisions and implications
31 Mar 2026
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Effective from 18 March 2026, the Government of Jersey introduced significant amendments to the Sanctions and Asset-Freezing (Jersey) Law 2019. These changes aim to align Jersey’s sanctions framework more closely with international standards, particularly those of the UK and to strengthen Jersey’s commitment to combating financial crime and ensuring compliance with global sanctions regimes.
Key changes include:
- Expanded prohibitions: Restrictions on providing economic resources, funds, or financial services to designated persons now explicitly extend to entities owned or controlled by such persons.
- Broader reporting obligations: Relevant Financial Institutions (RFIs) must report to the Minister for External Relations if they know or suspect someone is a designated person or involved in an offence under the law. This obligation applies regardless of whether the institution has a direct connection (e.g., account or dealings) with the individual.
- Enhanced disclosure powers: The Minister may disclose information obtained under the law to competent authorities outside the UK and EU or to other parties if deemed appropriate.
- Clarifications on indirect availability: New provisions define "indirectly making resources available" to include entities controlled by designated persons.
RFIs and other stakeholders are advised to review their compliance processes and submit reports promptly if required.
For further details read the Government of Jersey’s update here
The Sanctions and Asset-Freezing Law (Jersey) Amendment Regulations 2026 can be found here
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