The list of persons designated under Council Regulation (EC) 2580/2001 has been updated by Council Implementing Regulation (EU) No 2015/513 with effect from 27 March 2015. Existing designations in respect of 10 individuals and 23 entities have been renewed, and designations in respect of two other entities have been removed. The entities whose designations have been removed are:
- Al-Takfir and Al-Hijra
- Holy Land Foundation for Relief and Development.
Persons designated under Council Regulation (EC) 2580/2001 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.
The Implementing Regulation is available here: Council Implementing Regulation (EU) 2015/513.
MEASURES WHICH SHOULD BE TAKEN
All businesses must familiarise themselves with the changes referred to above and the relevant restrictive measures and prohibitions in the Terrorist Asset-Freezing (Bailiwick of Guernsey) Law, 2011.
All businesses must check whether they maintain any accounts or otherwise have any kind of relationship with any 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, entity or body as frozen with immediate effect if this is not already the case. Businesses 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 or for the benefit of any designated person, entity or body.
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 is available on the States of Guernsey website at http://www.gov.gg/sanctions