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Financial Sanctions: Terrorism and Terrorist Financing

Monday, 30 April 2018

On 24 April 2018, HM Treasury renewed the final designations in respect of the following individual:

RENEWAL OF FINAL DESIGNATION

[Additional information is in italics. Deleted information is in square brackets]

Individual

KHALED, Mohammed Fawaz

DOB: (1) 06/06/1969 (2) 06/06/1967.

POB: Hama, Syria

a.k.a: (1) ABBAS, Adam, Del, Toro (2) ALHARETH, Abo (3) FAWAZ, Khaled (4) HAMAWI,

Abu (5) HAMWI, Abu (6) HARES, Abu (7) HARETH, Abu (8) KHALED, Abu (9) NAEEM,

Mohammed, Fawaz

Nationality: Syrian Passport Details: 2255278 (Syria)

Address: Formerly London, United Kingdom, W12.

Other Information: UK listing only. KHALED is assessed to have left the UK and travelled to Syria to engage in Islamist extremist activities on behalf of ISIL. It is assessed that he is now in Turkey. [not currently in the Ul.

Listed on: 09/05/2013 Last Updated: 24/04/2018 Group ID: 12872.

Under the terms of section 24(1) of the Terrorism and Other Crime (Financial Restrictions) Act 2014 (the 2014 Act), where HM Treasury in the UK enacts a measure that is the equivalent of a freezing order or designation made under Division 2 of Part 2 of the 2014 Act, then that measure has effect in the Isle of Man as if it were a freezing order or designation made under the 2014 Act.

Therefore the Treasury requires institutions and businesses in the Island to check whether they hold any funds belonging to the individuals, freeze any such funds, and refrain from dealing in such funds or making them available to any person (unless permitted to do so under a licence granted by the Treasury).

Anyone finding any funds belonging to the entity must report their findings to the FIU together with any additional information that would facilitate compliance with the requirements of the 2014 Act.  Any person with any information concerning any frozen assets must provide the FIU with any information that it may request. Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated individual they are not required to report these details again.

Part 4 of the 2014 Act contains details of how any person affected by a designation may apply to the High Court to have the decision of the designation set aside.

Further more information contact Customs and Excise

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