This news release is issued in respect of the restrictive measures directed against Venezuela.
Annex IV to Council Regulation (EU) No 2017/2063 has been amended with effect from 29 June 2020, following the publication of Council Implementing Regulation (EU) No 2020/897.
Eleven leading Venezuelan officials have been added to the list of those subject to restrictive measures.
Details can be found in the Annex to this new release.
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 individuals. 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.
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 Venezuela and links to the UK’s Consolidated List of individuals and entities subject to these and other financial sanctions may be found on the Customs and Excise pages of the Isle of Man Government website