Abstract
Abstract In recent years, successive waves of economic, political and environmental challenges have caused profound disruption to our personal and professional lives. Businesses have been required to assess and reassess their ability to meet the evolving realities posed by these external risks and to take stock of the people, processes and systems that protect their vulnerabilities whilst building operational resilience to meet future challenges. In this article, Laila Arstall examines the foundational blocks for trust practitioners looking to manage sanctions risk under Guernsey’s Fiduciaries Law. She highlights recent experiences in Guernsey when dealing with sanctions introduced earlier this year in response to Russia’s aggression towards Ukraine to provide some practical insights into how Guernsey trustees are tackling sanctions risks from a legal perspective.
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