The Terrorist Asset-Freezing Etc. Act 2010 (of Parliament), as it applies in the Isle of Man, implements the terrorist asset-freezing requirements of UN Security Council Resolution 1373 (2001) and Council Regulation (EU) No 2580/2001.
The Treasury has renewed the final designations of three individuals who are linked to the terrorist organisation HEZBOLLAH, with effect from 2 March 2015.
This means that the three individuals listed are therefore Designated Persons for the purposes of the Terrorist Asset Freezing etc Act 2010 and continue to be subject to the financial sanctions imposed by the Act.
RENEWAL OF FINAL DESIGNATIONS
Date of Renewal of Final Designations 2/03/2015
Individuals
AL-NASSER, Abdelkarim, Hussein, Mohamed
POB: Al Ihsa, Saudi Arabia
Nationality: Saudi Arabia citizenship
Other Information: Both UK listing and EU listing.
Group ID: 7008.
AL-YACOUB, Ibrahim, Salih, Mohammed
DOB: 16/10/1966.
POB: Tarut, Saudi Arabia
Nationality: Saudi Arabia citizenship
Other Information: Both UK listing and EU listing.
Group ID: 7015.
IZZ-AL-DIN, Hasan
DOB: --/--/1963.
POB: Lebanon
a.k.a: (1) GARBAYA, Ahmed (2) SALWWAN, Samir
Nationality: Lebanon citizenship
Address: Lebanon.
Other Information: Both UK listing and EU listing. Also referred to as Sa-id.
Group ID: 7146.
Section 26 of the Terrorist Asset-Freezing Etc. Act 2010 allows a designated person to appeal to the High Court against any decision of the Treasury to make or vary, or not to make or vary, any interim or final designation.
Section 27 of the Act allows a designated person or anyone else affected by a decision of the Treasury to appeal to the High Court for a decision to be set aside.
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 Sanctions Officer at the Customs and Excise Division of the Treasury. Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated individuals they are not required to report these details again
Further details of the sanctions regime related to Terrorism 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.
