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Financial Sanctions: Central African Republic

Wednesday, 9 May 2018

This news release is issued in respect of the financial sanctions in view of the situation in the Central African Republic.

Annex I to Council Regulation (EU) No 224/2014 has been amended with effect from 8 May 2018 following the publication of Council Implementing Regulation (EU) No 2018/698. This reflects the decision made on 26 April 2018 by the United Nations Security Council (UNSC) Committee established pursuant to Resolution 2127(2013) to amend the identifying information of one existing entry.

The following entry has been amended and is still subject to an asset freeze

Amendment

Deleted information is in square brackets. Additional information is shown in italics

BARRET NGAIKOSSET Eugene

DOB: 08/10/1967

a.k.a: (1) NGAIKOISSET, Eugene (2) NGAIKOSSE, Eugene , Barret (3) NGAIKOSSET, Eugene (4) NGAIKOUESSET, Eugene (5) NGAKOSSET, Eugene

National Identification no: Central African Republic armed forces (FACA) Military identification number 911- 10-77

Address: Bangui, Central African Republic.

Other Information: UN Ref CFi.008. Captain Ngaikosset is a former member of former President Francois Bozize's presidential guard and associated with the anti-Balaka movement. He escaped from jail on 17 May 2015 following his extradition from Brazzaville and created his own anti-Balaka faction including former FACA fighters. Also known as ‘The Butcher of Paoua’ and Ngakosset.

Listed on: 24/12/2015 Last Updated: [01/06/2017] 09/05/2018 Group ID: 13309.

Financial institutions and other persons are required to check whether they maintain any accounts or otherwise hold funds, financial assets, economic benefits and economic resources for the designated individual. If so, they must freeze such accounts or 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. Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated individual 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 the Central African Republic 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

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