This news release is issued to publicise the removal of 9 entries under the Cyber Sanctions Regime but remain on the consolidated list under the Russia financial sanctions regime.
The Cyber (Sanctions) (EU Exit) Regulations 2020 (S.I. 2020/597) 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 conducting or directing cyber activity that undermines, or is intended to undermine, the integrity, prosperity or security of the United Kingdom or a country other than the United Kingdom; international organisations; and non-governmental organisations whose purposes relate to the governance of international sport or the Internet. The Cyber (Sanctions) (EU Exit) Regulations 2020 (SI 2020/597) have effect in the Isle of Man by the Cyber Sanctions (Application) Regulations 2020 [SD 2020/0451].
On 5 July 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.
The following entries have been removed from the consolidated list under the Cyber regime but remain subject to an asset freeze under the Russia regime:
- Yuriy Sergeyevich FEDIN (Group ID: 14608)
- Yevgeniy Eduardovich GLOTOV (Group ID: 14609)
- Valeriya KALABAYEVA (Group ID: 14613)
- Mikhail Anatolyevich SINELIN (Group ID: 14610)
- Denis Yakovlevich GAFNER (Group ID: 14612)
- Darya Aleksandrovna DUGINA (Group ID: 14606)
- Aleyona Anatolyevna CHUGULEVA (Group ID: 14611)
- Aelita Leonidovna MAMAKOVA (Group ID: 14614)
- UNITED WORLD INTERNATIONAL (Group ID: 14607)
Further information can be found in the annex to this Notice.
Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.
Financial institutions and other persons are required to check whether you maintain any accounts or otherwise hold funds or economic resources for, or provide financial services to, designated individuals. If so, you must freeze such accounts or other funds and, unless licensed by the Treasury, not deal with those funds or economic resources, make those funds or economic resources available to a designated person, or make those funds or economic resources available for the benefit of a designated person. You must also report your findings to the FIU.
Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.
Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.
Further details of the sanctions regime related to Cyber and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.