This news release is issued to correct a listing under the Syrian sanctions regime.
On 21 July 2017, Wael Abdulkarim (Group ID: 13230) was removed from the consolidated list, following the Adbulkarim vs Council (Case T-304/15) court judgement.
However, the annulment of Council Decision (CFSP) 2015/383 of 6 March 2015 in so far as it related to Mr Abdulkarim, did not result in Mr Abdulkarim being delisted. He was therefore removed from the consolidated list in error in July 2017. Mr Abdulkarim has therefore remained subject to financial sanctions since July 2017 and continues to be, as set out in Regulation (EU) No 36/2012.
Listing Correction
Individual
ABDULKARIM Wael
DOB: 30/09/1973.
POB: Danascus, Syria
a.k.a: AL KARIM, Wael
Address: Al Karim for Trade and Industry, PO Box 111, Damascus, Syria, 5797.
Other Information: Leading businessperson of Palestinian origin operating In Syria in the oil, chemicals and manufacturing industries. Specifically, he represents Abdulkarim Group, a.k.a Al Karim Group/AlKarim for Trade and Industry/Al Karim Trading and Industry/Al Karim for the Trade and Industry. Abdulkarim Group is a leading manufacturer of lubricants, greases and industrial chemicals in Syria.
Listed on: 09/03/2015 Last Updated: [21/07/2017] 18/03/2019 Group ID: 13230.
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 individual. 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. Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for designated persons, 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 Syria 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.
