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Financial Sanctions: Terrorism and Terrorist Financing

Friday, 6 December 2019

The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, has renewed the final designation for the following individual.

RENEWAL OF FINAL DESIGNATION

Date of Renewal of Final Designation 05/12/2019

Individual

MOHAMMED, Khalid Shaikh

DOB: (1) 01/03/1964. (2) 14/04/1965. 

POB: (1) Kuwait (2) Pakistan a.k.a: (1) ALI, Salem (2) BIN KHALID, Fahd, Bin Adballah (3) HENIN, Ashraf, Refaat, Nabith (4) WADOOD, Khalid, Adbul

Nationality: Kuwaiti citizenship Passport Details: 488555 

Other Information: Both UK listing and EU listing. In US custody (as at December 2018).

Listed on: 12/10/2001 Last Updated: [09/01/2019] 05/12/2019 Group ID: 6994

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 entities 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 individual must report their findings to the FIU 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 FIU 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 individual 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 information is contained in the Terrorism and Financing of Terrorism Notice or can be obtained by contacting Customs and Excise

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