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SMB: Sanctions Update

5 Apr 2022 13:00 | Malta Institute of Accountants (Administrator)


  • Syria Regime

Council Implementing Regulation (EU) 2022/535 of 4 April 2022 implementing Regulation (EU) No 36/2012 concerning restrictive measures in view of the situation in Syria

On 04 April 2022, the Council of the European Union decided to delete two entries from the list of natural and legal persons, entities or bodies set out in Annex II to Regulation (EU) No 36/2012. Annex II to Regulation (EU) No 36/2012 has been amended accordingly.

Read more.


Council Implementing Decision (CFSP) 2022/539 of 4 April 2022 implementing Decision 2013/255/CFSP concerning restrictive measures against Syria

On 04 April 2022, the Council of the European Union decided to delete two entries from the list of natural and legal persons, entities or bodies set out in Annex I to Decision 2013/255/CFSP. Annex I to Decision 2013/255/CFSP has been amended accordingly.

Read more.


  • Ukraine Regime

Corrigendum to Council Implementing Regulation (EU) 2022/427 of 15 March 2022 implementing Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine (Official Journal of the European Union L 87 I of 15 March 2022)

The ‘Identifying information’ on page 4, in entry 881, has been amended to read the following:

for:
‘DOB: 3.10.1948’,

read:
‘DOB: 13.10.1948’.

Read more.


Corrigendum to Council Decision (CFSP) 2022/429 of 15 March 2022 amending Decision 2014/145/CFSP concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine (Official Journal of the European Union L 87 I of 15 March 2022)

The ’Identifying information’ on page 47, in the Annex, in entry 881 has been amended to read the following:

for:
‘DOB: 3.10.1948’,

read:
‘DOB: 13.10.1948’.

Read more.


Please be reminded that all EU/UN sanctions are directly applicable under Maltese law under the National Interest (Enabling Powers) Act, cap 365 of the Laws of Malta as linked here.

Should any of your clients be a person or entity who is listed under UN/EU or national sanctions or who is directly or indirectly owned or controlled by a listed person or entity, the freezing measures mentioned under article 17 of the Act apply.

The Sanctions Monitoring Board is to be informed immediately of the actions that have been taken in relation to the assets of such listed persons.

The Sanctions Monitoring Board may be contacted on sanctions.mfea@gov.mt on any issue relating to sanctions.


Please find below links to the:

EU Financial Sanctions Database

Consolidated UN Sanctions List

EU Sanctions Map

Sanctions Monitoring Board

               

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