The following is a list by regime of sanctions currently in force (in whole or part). For each jurisdiction a brief summary of the remit of each measure is provided but it does not provide an in depth historical background. Where possible, consolidated legislation has been referred to. Where amendments have been made since the […]

This draws your attention to a Notice relating to Terrorism and Terrorist Financing which was published today on GOV.UK. Council Regulation (EC) No 2580/2001 imposing financial sanctions against Terrorism and Terrorist Financing has been amended to suspend the EU listing of 1 entity which still remains subject to a UK asset freeze. AMENDMENT Entity 1. […]

Background 1. Financial sanctions legislation requires that financial institutions freeze the accounts and other funds or economic resources of designated persons and to report their findings to the Treasury. Under the legislation the Treasury can request information you may possess for the purpose of monitoring compliance. 2. Every year the Treasury carries out a review […]

On the 15th sept the GFSC advised that some amendments by the Council of the European Union to the sanctions measures in place regarding the Territorial Integrity etc. of the Ukraine and the Russian Federation have been published today with immediate effect. These amendments, which have direct effect in the Bailiwick, are as follows; Territorial Integrity […]