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Financial Sanctions: Terrorism and Terrorist Financing

Monday, 29 January 2018

On 22 January 2018, HM Treasury renewed the final designation in respect of Euzkadi Ta Askatasuna (ETA).

RENEWAL OF FINAL DESIGNATION

Entity 

Euzkadi Ta Askatasuna

a.k.a: (1) Basque Fatherland and Liberty (2) ETA

Other Information: UK listing only.

Listed on: 02/11/2001

Last Updated: 22/01/2018

Group ID: 7083.

Under the terms of section 24(1) of the Terrorism and Other Crime (Financial Restrictions) Act 2014 (the 2014 Act), where HM Treasury in the UK enacts a measure that is the equivalent of a freezing order or designation made under Division 2 of Part 2 of the 2014 Act, then that measure has effect in the Isle of Man as if it were a freezing order or designation made under the 2014 Act.

Therefore the Treasury requires institutions and businesses in the Island to check whether they hold any funds belonging to the entity, freeze any such funds, and refrain from dealing in such funds or making them available to any person (unless permitted to do so under a licence granted by the Treasury).

Anyone finding any funds belonging to the entity must report their findings to the Customs and Excise Division, together with any additional information that would facilitate compliance with the requirements of the 2014 Act.  Any person with any information concerning any frozen assets must provide the Division with any information that it may request. 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.

Part 4 of the 2014 Act contains details of how any person affected by a designation may apply to the High Court to have the decision of the designation set aside.

Further more information contact Customs and Excise

Isle of Man Customs and Excise

Address:

PO Box 6

Custom House

North Quay

Douglas

Isle of Man

Post Code:

IM99 1AG

Telephone:

01624 648136

 

 

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