Isle of Man Customs and Excise have issued a news release to draw attention to the listing of eight individuals and the amendment of one existing entry made to the Global Human Rights Regime. The Regime was first introduced in July 2020 and the Global Human Rights Sanctions Regulations 2020 extended to the Island with modifications, by means of the Global Human Rights Sanctions (Isle of Man) Order 2020.
Details can be found in the Annex attached to the IOMCE news item.
IOMCE request financial institutions and other persons to check whether they maintain any accounts or otherwise hold funds or economic resources for, or provide financial services to, the designated individuals and entities. If so, they must freeze such accounts or other funds and, unless licensed by the Treasury, refrain from dealing with said funds or economic resources, and suspend the provision of any financial services. They must also report their findings to the FIU.
Further details of the sanctions regime related to Global Human Rights and links to the UK’s Consolidated List of individuals and entities subject to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.