This news release is issued to publicise the removal of 1 entry under the Libya sanctions regime.
The Libya (Sanctions) (EU Exit) Regulations 2020 have effect in the Isle of Man by the Sanctions (Implementation of UK Sanctions) Regulations 2024 (“the Regulations”), which are made under the Sanctions Act 2024. This regime imposes financial, trade and immigration sanctions for the purpose of encouraging respect for human rights in Libya, promoting the peace, stability and security of Libya and preventing migrant smuggling and human trafficking.
Individuals and entities who are designated under this regime are included on the UK sanctions list.
Types of sanctions applicable under this regime:
- asset freeze
- trade
- immigration
- aircraft
On 20 December 2024 the United Nations Security Council updated the UN Sanctions List. This list provides details of those designated under sanctions legislation.
Removal
1 entry has been removed from the UN Sanctions List and is no longer subject to an asset freeze and travel ban.
Individual
- LYi.020 Name: 1: ABDELHAFIZ 2: ZLITNI 3: na 4: na
Title: na Designation: a) Minister for Planning and Finance in Colonel Qadhafi's Government. b) Secretary of the General People’s Committee for Finance and Planning c) Temporary head of the Central Bank of Libya DOB: 1935 POB: Good quality a.k.a.: na Low quality a.k.a.: na Nationality: na Passport no: na National identification no: na Address: Libya Listed on: 24 Jun. 2011 (amended on 26 Sep. 2014, 11 Nov. 2016) Other information: Listed pursuant to paragraph 15 of resolution 1970 and paragraph 19 of resolution 1973 (Travel Ban, Asset Freeze). INTERPOL-UN Security Council Special Notice web link.
What you must do
If you suspect a person or entity is a match to a person or entity included in the UK Sanctions List, and you hold or otherwise deal with funds or economic resources of that person:
- You must freeze the assets immediately
- You must review the information you hold for that person against the UK Sanctions List to ensure you do not have a false positive identification
- Do not deal with those assets or make them available to, or for the benefit of the designated person unless:
- You have a legal exemption
- You have a licence
- You have a legal exemption
- You must report the frozen assets to the FIU
If you have a suspicion or knowledge that there has been a breach of sanctions law, or any attempted transactions that you have blocked, report your suspicions 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.
Note: determining if a customer is on the UK Sanctions List includes whether any corporate entity is owned or controlled, directly or indirectly, by a person on the UK Sanctions List.
Further guidance on false positives and delistings and what to do can be found in the Financial Sanctions General Guidance page.
Further information
Further details on the UN measures in respect of Libya sanctions can be found on the relevant UN Sanctions Committee webpage.
Further information on the sanctions regime related to Libya and other sanctions related guidance can be found on the Sanctions and Export Control website on the Sanctions Guidance page.
Contact details for enquiries
If you require any further information or guidance, please contact the Sanctions Team on:
Telephone: +44 1624 648109
Email: sanctions@gov.im
Please note: We are unable to provide legal advice. You may need to seek independent legal advice.
