Sanctions Notice - Al-Qaida
24th March 2015Council Regulation (EC) No 881/2002, as implemented by the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013, the Al-Qaida (Restrictive Measures) (Alderney) Ordinance, 2013 and the Al-Qaida (Restrictive Measures) (Sark) Ordinance, 2013, has been amended by Council Implementing Regulation (EU) No 2015/480 with effect from 20 March 2015.
The Implementing Regulation is available here: Commission Implementing Regulation (EU) 2015/480 of 20 March 2015.
It amends the list of persons subject to an asset freeze and related financial prohibitions. The effect of the amendments, which are automatically effective in the Bailiwick, is to add 3 natural persons and 1 entity to the list, to remove 4 natural persons from the list and to amend existing designations in respect of 2 natural persons.
MEASURES WHICH SHOULD BE TAKEN
All businesses must check whether they maintain any accounts or otherwise hold any funds or economic resources for any newly designated persons or for any other person designated under the legislation listed above and treat any such accounts, funds or economic resources as frozen with immediate effect if this is not already the case. They must report any findings to the Policy Council immediately. Businesses must also refrain from making any funds or economic resources available directly or indirectly to any designated person unless licensed by the Policy Council.
The information referred to above is required by the Policy Council in the exercise of its powers under the Schedule to each of the Ordinances listed above.
Any information or queries should be sent to [email protected]/* */ with the subject line “Al-Qaida”.
Further information on the effect of asset freezes and related issues including licences is available on the States of Guernsey website at http://www.gov.gg/sanctions