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Financial Sanctions: ISIL (Da’esh) and Al-Qaida

Tuesday, 9 October 2018

This news release is issued in respect of the restrictive measures directed against the ISIL (Da’esh) and Al-Qaida organisations.

Annex I to Regulation (EC) No 881/2002 has been amended with effect from 8 October 2018  following the publication of Commission Implementing Regulation (EU) No 2018/1494.

The Amending Regulation reflects the decision made on 4 October 2018 by the United Nations Security Council (UNSC) Committee to add one entry to the list of persons and entities to whom the freezing of funds and economic resources apply.




Other Information: UN Ref QDe.159 Associated with Al-Qaida the Organisation of Al-Qaida in the Islamic Maghreb (QDe.014, Ansar Eddine (QDe.135) and Al-Mourabitoun (QDe.141). Operations in Mali and Burkina Faso.

Listed on: 08/10/2018 Last Updated: 08/10/2018 Group ID: 13712.

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.

Further details of the sanctions regime related to ISIL and Al-Qaida and links to the UK’s 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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