Sanctions Notice - Libya

Council Regulation (EU) 204/2011, as implemented by the Libyan (Restrictive Measures) (Guernsey) Ordinance, 2011, the Libyan (Restrictive Measures) (Alderney) Ordinance, 2011 and the Libyan (Restrictive Measures) (Sark) Ordinance, 2012, has been amended by Council Implementing Regulation (EU) No 2015/376.

1 person has been removed from the list of designated persons subject to financial restrictions and the details in respect of a further person who is already designed have been amended. These amendments are automatically effective in the Bailiwick.

The amendments, which are automatically effective in the Bailiwick, amend sanctions in relation to 1 individual and to remove sanctions in relation to 1 individual.

The 2015 Regulation is available here: http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:JOL_2015_064_R_0006&from=EN.

MEASURES WHICH SHOULD BE TAKEN

All businesses must check whether they maintain any accounts or otherwise hold any funds or economic resources for any 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 authorised 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 “Libya”.

Further information on the effect of asset freezes and related issues is available on the States of Guernsey website at http://www.gov.gg/sanctions.