Sanctions Notice - Terrorism and Terrorist Financing
2nd July 2015HM Treasury has renewed the final designation of one individual under the Terrorist Asset Freezing etc. Act 2010 (“the Act”).
Further information is available here:
The individual concerned is therefore a Designated Persons for the purposes of the Act and continues to be subject to the financial restrictions imposed by the Act.
Persons who are the subject of a designation under and within the meaning of the Act are also automatically Designated Persons for the purposes of the Terrorist Asset-Freezing (Bailiwick of Guernsey) Law, 2011 with immediate effect, and are subject to the asset freeze and other prohibitions in relation to designated persons in the Guernsey Law.
MEASURES WHICH SHOULD BE TAKEN
All businesses must check whether they maintain any accounts or otherwise have any kind of relationship with the individual referred to above or with any other Designated Person, and treat any accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body 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, economic resources or financial services 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 section 18 of the Terrorist Asset Freezing Law.
Any information or queries should be sent to [email protected]/* */ with the subject line “Terrorist Financing”.
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