On 16 July 2018, in response to concern about the situation in the Republic of Maldives ("the Maldives"), the EU published Council Regulation (EU) 2018/1001. This sets out restrictive measures, including an asset freeze, applicable to listed persons responsible for undermining the rule of law or obstructing an inclusive political process in the Maldives, as well as those responsible for serious human rights violations or abuses there. To date nobody has been listed by the EU under this regime.
In order to reflect the changes at EU level, the Republic of Maldives (Restrictive Measures) (Guernsey) Ordinance, 2018 has been enacted to give effect to the EU Regulation.
The EU regulation is available here: Council Regulation (EU) 2018/1001
MEASURES WHICH SHOULD BE TAKEN
All businesses must familiarise themselves with the legislation.
Any information or queries should be sent to [email protected] with the subject line “Maldives Sanctions”.
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