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Financial Sanctions: ISIL (Da’esh) and Al-Qaida

Tuesday, 25 July 2017

This news release is issued in respect of the restrictive measures directed against the ISIL (Da’esh) and Al-Qaida organisations.

Ten new entries have been added to the UK’s Consolidated List of Financial Sanctions and are now subject to an asset freeze by virture of section 24 of the Terrorism and Other Crime (Financial Restrictions) Act 2014.

Two of the individuals listed are UK natiionals.

Details of the additions can be found in the attached Annex.

Financial institutions and other persons are requested to check whether they maintain any accounts or otherwise hold funds or economic resources for, or provide financial services to, the designated entity.  If so, they must freeze such accounts or other funds and, unless licensed by the Treasury, refrain from dealing with said funds or economic resources, and suspend the provision of any financial services.  They must also report their findings to the Sanctions Officer at the Customs and Excise Division of the Treasury.  

Failure to comply with financial sanctions legislation or to seek to circumvent its provisions is a criminal offence

Further details of the sanctions regime related to ISIL (Da’esh) and Al-Qaida  and links to the Consolidated List of Individuals and entities subject to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

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