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Financial Sanctions: Cyber-Attacks

Friday, 23 October 2020

This news release is issued to publicise the addition of two individuals and one entity for their involvement in the 2015 cyber-attack on the German Parliament.

Annex I to Council Regulation (EU) 2019/796 has been amended from 22 October 2020, following the publication of Council Implementing Regulation (EU) 2020/1536 in the EU Official Journal.

Details of the additions can be found in the attached Annex to this news release.

It should be noted that one of the individuals added to the Cyber-Attacks financial sanctions regime, Igor Olegovich KOSTYUKOV (GROUP ID: 13748) is already listed under the Chemical Weapons regime.

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 and entity. 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 Cyber-Attacks and other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.

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