Iran

This page provides guidance on the UK’s sanction regime, as it has effect in the Island, relating to Iran.

There are 2 sanctions regimes relating to Iran:

• The Iran (Sanctions) Regulations 2023 have effect in the Isle of Man by the Iran (Sanctions) (Isle of Man) Order 2023. This regime imposes financial, trade and immigration sanctions to encourage the Government of Iran to comply with international human rights law and respect for human rights and to deter Iran from conducting hostile activity against the United Kingdom and other countries
  
  
• The Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019 have effect in the Isle of Man by the Sanctions (Implementation of UK Sanctions) Regulations 2024 ('the Regulations'), which are made under the Sanctions Act 2024. These Regulations impose financial, trade and immigration sanctions to comply with UN obligations, promote the abandonment by Iran of nuclear weapons programmes and restrict the ability of Iran to develop nuclear weapons and nuclear weapons delivery systems

Individuals and entities who are designated under this regime are included on the UK sanctions list.

Documents

More information on asset freezes can be found in the Financial Sanctions General Guidance document.

More detailed information on the Treasury’s approach to compliance and enforcement can be found in the Sanctions Compliance Guide document.

Further information on exemptions and licensing grounds please see the Sanctions Licences page.