Financial Sanctions: Iran (Nuclear Proliferation)

Following the publication of a Corrigendum to Council Regulation (EU) No. 267/2012 published on the 4 December 2012 in the Official Journal of the European Union (O.J. L332, 04.12.12, p.31) the text of Annexes VIII and IX to, Council Regulation (EU) No. 267/2012 ["the 2012 Regulation"] has been amended.

Annex VIII to the 2012 Regulation lists persons, entities and bodies identified by the Council under Article 23(1) of that Regulation as subject to the financial sanctions imposed by that Regulation.

Annex IX to the 2012 Regulation lists persons, entities and bodies identified by the Council under Article 23(2) of that Regulation as subject to the financial sanctions imposed by that Regulation.

The identifying information of one entry has been changed. Deleted information appears in square brackets [ ]. Added information appears initalics.

Amendment

Entity

[ISLAMIC] IRANIAN REVOLUTIONARY GUARD CORPS (IRGC)

Other information: EU listing. Not UN. Responsible for Iran's nuclear programme. Has operational control for Iran's ballistic missile programme.

Group ID: 11238

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 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 entity they are not required to report these details again.

Further details of the sanctions regime related to Iran 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.