Export Control (Venezuela Sanctions) Order 2018 (Application) Order 2018

Friday, 2 March 2018

The Treasury announces that the above Order has been made and came into effect on 1 March 2018, and wishes to draw attention to new offences and penalties.

The Export Control (Venezuela Sanctions) Order 2018 (Application) Order 2018, which is being applied in Island law with modifications, provides for the enforcement of the trade restrictions against Venezuela as specified in Regulation (EU) No 2017/2063, and creates the necessary offences and penalties for contravention of those trade restrictions.

The applied Order also provides for an offence of knowingly or recklessly providing false information for the purpose of obtaining an authorisation (licence), or for failing to comply with the requirements or conditions of such an authorisation.

For more information on sanctions and export control restrictions contact Customs and Excise or visit the website

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

Fax:

01624 661725

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