This news release is issued to correct an error in the identifying information published on 30 May 2019, in respect of one entry under the Iran (Nuclear Proliferation) regime.
(Deleted information is shown in square brackets. Additional information appears in italics)
BORBORUDI, Sayed Shamsuddin
a.k.a. BORBOROUDI, Seyed, [Samseddin] Shamseddin
Position: Deputy Head of Atomic Energy Organisation of Iran
Other Information: EU listing. Not UN.
Listed on: 02/12/2011 Last Updated: [29/05/2019] 02/07/2019 Group ID: 12230.
Mr Borborundi is still subject to an asset freeze.
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 individuals 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 Iran and links to the UK’s Consolidated List of individual and entities subject to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.