Financial Sanctions: Afghanistan

This news release is issued in respect of the restrictive measures in view of the situation in Afghanistan.

The European Commission has amended Annex I to Council Regulation (EC) No. 753/2011 ("the 2011 Regulation") with effect from 10 March 2017.

Eighteen individuals have had their identifying details amended and are still subject to an asset freeze.  Details of the changes can be found in the attached Annex.

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. 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 they are not required to report these details again.

Failure to comply with financial sanctions legislation or to seek to circumvent its provisions is a criminal offence.

Further details of the sanctions regime related to Afghanistan 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.