This news release is issued in respect of the asset freezing measures relating to Burundi.
On 30 October 2020, Council Implementing Regulation (EU) 2020/1578 was published in the Official Journal of the European Union. Amending Annex I to Council Regulation (EU) 2015/1755 (“the Regulation”) with effect from 31 October 2020.
The following entries have been amended and remain subject to an asset freeze.
BIZIMANA, Godefroid (Group ID: 13281)
NDIRAKOBUCA, Gervais (Group ID: 13282)
The identifying information for the following individuals have also been corrected, bringing them into line with Annex I of the Regulation.
NGENDAKUMANA, Leonard (Group ID: 13284)
NIYONZIMA, Mathias-Joseph (Group ID: 13283)
Full details can be found in the attached Annex to this news 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 persons. 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 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.