European Union Sanctions – Al-Qaida, North Korea and Central African Republic

European Union Sanctions: Al-Qaida, North Korea and Central African Republic

On 17 May 2016, the following Orders were approved by Tynwald:

European Union (Al-Qaida Sanctions) (Amendment) Order 2016

[SD No 2016/0137]

This Order applies the provisions of Council Regulation (EU) 2016/363 of 14 March 2016, as amended by the Schedule to the Order, as part of the law of the Island.

This EU Regulation amends Council Regulation (EC) No 881/2002, clarifying terminology, updating text, and renaming Council Regulation (EC) No 881/2002 to include reference, in addition to Al-Qaida, to persons and entities associated with the ISIL (Da’esh) organisation.

European Union (North Korea Sanctions) (Amendment) Order 2016

[SD No 2016/0139]

This Order applies the provisions of Council Regulation (EU) 2016/465 of 31 March 2016, as amended by the Schedule to the Order, as part of the law of the Island.

This EU Regulation amends Council Regulation (EC) No 329/2007 to provide for derogations to allow persons and entities to obtain insurance from Korea National Insurance Corporation (KNIC) for activities to be carried out in North Korea; for EU persons or entities to be allowed to receive payments by KNIC derived from such insurance or in respect of damage caused within the territory of the Union; and permit the unfreezing of KNIC’s funds needed for payments due under a prior contract.

European Union (Central African Republic Sanctions) (Amendment) Order 2016

[SD No 2016/0153]

This Order applies the provisions of Council Regulation (EU) 2016/555 of 11 April 2016, as amended by the Schedule to the Order, as part of the law of the Island.

This EU Regulation amends Council Regulation (EU) No 224/2014 to include new designation criteria for targeted asset freezes.

For more information see the Sanctions and Export Control pages on the Isle of Man Government website, or contact Customs and Excise