This news release is issued in respect of the restrictive measures directed against Belarus.
Annex I to Regulation (EC) No 765/2006 has been amended with effect from 2 October 2020, following the publication of Commission Implementing Regulation (EU) 2020/1387 (“the Amending Regulation”). The Amending Regulation reflects the decision made by the Special Council to add 40 entries to the Belarus list. The list includes 5 officials who were listed under the UK’s Global Human Rights regime last week.
Details of the new additions and amendments 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 individuals. 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 FIU. Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated individuals and entitiy they are not required to report these details again.
Further details of the sanctions regime related to Belarus and links to the UK’s 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.