This news release is issued to correct four listings in the Belarus sanctions regime.
The Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/600) were made under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act) and provide for the freezing of funds and economic resources of certain persons, entities or bodies involved in the unresolved disappearances of four individuals in 1999 and 2000. The Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 have effect in the Island by means of the Republic of Belarus Sanctions (Application) Regulations 2020 [SD 2020/0479].
The following entries have been corrected and are still subject to an asset freeze
- Mikhail Safarbekovich GUTSERIEV (Group ID: 14131)
- Alexander Grigorievich LUKASHENKO (Group ID: 13918)
- Viktor Aliaksandravich LUKASHENKO (Group ID: 13919)
- Igor Petrovich SERGEENKO (Group ID: 13920)
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 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 persons, they are not required to report these details again.