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Financial Sanctions: Iran (Human Rights)

Friday, 17 April 2020

The news release is issued to publicise a correction to the identifying information in respect of the following entries who are still subject to an asset freeze.

HOSSEINI, Mohammad

RASHIDI AGHDAM, Ali Ashraf

TAEB, Hossein

CYBER POLICE

Details of the changes can be found in the attached Annex.

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 individuals and entities.  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 and entities 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.

Issued By

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