This news release is issued to publicise amendments to two existing entries under the cyber-attacks financial sanctions regime.
Annex I to Council Regulation (EU) 2019/796 has been amended from 24 November 2020, following the publication of Council Implementing Regulation (EU) 2020/1744 in the EU Official Journal.
Details of the amendments can be found in the attached Annex to this news release.
The two individuals are still subject to an asset freeze.
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. 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.