This news release is issued in respect of financial sanctions imposed against the Democratic Republic of the Congo.
Annex I to Council Regulation (EC) No 1183/2005 has been amended with effect from 2 December 2014, following the publication of Council Implementing Regulation (EU) No 1275/2014.
The amendment reflects the decision made on 30 June 2014 by the United Nations Security Council (UNSC) Committee established pursuant to Resolution 1533 (2004) to add one entity to the list of individuals and entities subject to restrictive measures, and to issue a new consolidated list.
Details of the addition and the amendments can be found in the Annex to this news release.
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 persons and entities. 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 persons or entities they are not required to report these details again.
Further details of the sanctions regime relating to the Democratic Republic of the Congo 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.
