This news release is issued in respect of the restrictive measures directed against Iraq.
On 23 December 2020 Commission Implementing Regulation (EU) 2020/2197 (“the amending Regulation”), was published in the Official Journal of the European Union. The amending Regulation amends Annex III to Council Regulation (EC) 1210/2003 with effect from 24 December 2020. The amending Regulation reflects the decision made on 16 December 2020 by the United Nations Security Council (UNSC) Committee established pursuant to Resolution 1518 (2003) to remove 1 entities from the UN Iraq list.
a.k.a.: Al-Rafidain Bank
Address: Rashid Street, Baghdad, Iraq
Other Information: State owned bank. Branches abroad in the United Kingdom, Jordan, United Arab Emirates, Yemen, Sudan and Egypt. London branch of Rafidain Bank is in provisional liquidation. Funds or financial assets or economic resources received on or after 23 May 2003 are not to be regarded as frozen nor required to be transferred to the successor arrangements to the DFI.
Listed on: 02/07/2003 Last updated: 24/12/2020 Group ID: 7815
Further details of the sanctions regime related to Iraq 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.