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SMB: Iraq Sanctions Update

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


  • Iraq Regime

Commission Implementing Regulation (EU) 2022/665 of 21 April 2022 amending Council Regulation (EC) No 1210/2003 concerning certain specific restrictions on economic and financial relations with Iraq

On 21 April 2022, the European Commission decided to amend Annexes III and IV to Regulation (EC) No 1210/2003 in accordance with the Sanctions Committee of the United Nations Security Council’s decision of 18 April 2022 to remove two natural persons and one entry from the list of persons and entities to whom the assets freeze should apply.

In Annex III to Council Regulation (EC) No 1210/2003, the following entry is deleted:

3. Rasheed Bank (alias (a) Al-Rashid Bank, (b) Al Rashid Bank, (c) Al-Rasheed Bank); PO Box 7177, Haifa Street, Baghdad, Iraq, or Al Masarif Street, Baghdad, Iraq.

In Annex IV to Council Regulation (EC) No 1210/2003, the following entries are deleted:

72. Asil Sami Mohammad Madhi Tabrah (alias Asil Tabra). Date of birth: 6 June 1964. Place of birth: Iraq. Nationality: Iraqi

75. Maki Mustafa Hamudat (alias (a) Maki Hamudat, (b) Mackie Hmodat, (c) General Maki Al-Hamadat, (d) Macki Hamoudat Mustafa). Date of birth: circa 1934. Address: Mosul, Iraq. Nationality: Iraqi

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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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