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SMB: Sanctions Update

31 May 2022 14:00 | Malta Institute of Accountants (Administrator)


  • ISIL (Da'esh) and Al-Qaeda

The EU today decided to add one group and two persons to the list of those subject to restrictive measures against ISIL/Da'esh and Al-Qaeda and persons, groups, undertakings and entities associated with them. The measures target Hurras al-Din, a Syria-based al-Qaeda affiliated group, its leader Faruq al-Suri, and its religious leader Sami al-Aridi.

For further information, please consult the below links:

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.LI.2022.147.01.0001.01.ENG&toc=OJ%3AL%3A2022%3A147I%3ATOC

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.LI.2022.147.01.0003.01.ENG&toc=OJ%3AL%3A2022%3A147I%3ATOC



Please be reminded that all EU/UN sanctions are directly applicable under Maltese law (without the need of any further legislation or notification) 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.mftp@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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