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Financial Sanctions: Syria

Friday, 27 July 2018

This news release is issued in respect of the restrictive measures directed against certain persons and entities in view of the situation in Syria.

On 27 July 2018 a Corrigenda was published in the Official Journal of the European Union. The corrigenda corrected Council Regulation (EU) 36/2012.

The minor correction refers to the entry for the Commercial Bank of Syria which continues to be subject to an asset freeze.

Correction

Deleted information appears in square brackets. Corrected information appears in italics and is highlighted.

Entity

Commercial bank of Syria

Address: (1) Aleppo Branch, PO Box 2, Kastel Hajjarin St, Aleppo, Syria. (2) Damascus Branch, PO Box 933, Yousef Azmeh Square, Damascus, Syria. (3) Damascus Branch, PO Box 2231, Moawiya St, Damascus, Syria.

Other Information: State-owned bank providing financial support to the regime. SWIFT/BIC [CMSY SY DA] CMSYSDA - all offices worldwide (NPWMD). Website http://cbs-bank.sy/En-index.php. Tel +963 11 2218890. Fax +963 11 2216975. General management dir.cbs@mail.sy.

Listed on: 14/10/2011 Last Updated: 14/10/2011 [27/07/2018] Group ID: 12203.

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 also report their findings  to the FIU. Failure to comply with financial sanctions legislation or to seek to circumvent its provisions is a criminal offence. 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 Syria 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

Issued By

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