The Jersey Financial Services Commission is requesting all financial institutions and other bodies to check their records to ensure they comply.
The European Council agreed to introduce restrictive measures on the freezing and recovery of assets of persons identified as responsible for the misappropriation of Ukrainian State funds and persons responsible for human rights violations in Ukraine. Yesterday (6 March) the EU implemented Council Regulation (EU) No 208/2014 which freezes the assets of 18 people, including the former President of Ukraine, Viktor Yanukovych.
An order giving effect to these restrictive measures will coming into effect at midnight, ensuring that the Island’s sanction regime is in line with international developments.
All financial institutions and other bodies and persons in Jersey must freeze any funds or economic resources held by the 18 individuals named in the HM Treasury consolidated list, which is available on the UK Government website: https://www.gov.uk/government/publications/financial-sanctions-consolidated-list-of-targets
Any queries should be sent to M.Entwistle@gov.je subject line ‘Ukraine sanctions’.