TERRORISM AND TERRORIST FINANCING
The list of persons subject to restrictive measures under Council Regulation 2580/2001 (the EU Regulation) has been amended by Commission Implementing Regulation (EU) No 2016/2373. The effect of the amendments is to add three individuals (the listed persons) to the list, which is set out in the annex to Council Implementing Regulation (EU) 2016/1127. Details of the listed persons are available here:
Persons who are listed for the purposes of the EU Regulation 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 Law.
MEASURES WHICH SHOULD BE TAKEN
All businesses must check whether they maintain any accounts or otherwise have any kind of relationship with the listed persons or with any other natural or legal person, entity or body designated under the legislation and treat any accounts, funds or economic resources belonging to, owned, held or controlled by a Designated Person as frozen with immediate effect if this is not already the case. Businesses must report any findings to the Policy and Resources Committee immediately. Businesses must also refrain from making any funds or economic resources available directly or indirectly to or for the benefit of any Designated Person other than in respect of transactions that have been authorised by the Policy and Resources Committee.
The information referred to above is required by the Policy and Resources Committee in the exercise of its powers under section 18 of the Terrorist Asset Freezing Law.