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SMB: Sanctions Update

19 Jul 2022 13:30 | Malta Institute of Accountants (Administrator)


UNSC Resolution 1970 (2011)

On 18 July 2022, the Security Council Committee established pursuant to Resolution 1970 (2011) amended one entry on its Sanctions List.

Read more.


Terrorism Regime

  • Council Implementing Regulation (EU) 2022/1230 of 18 July 2022 implementing Article 2(3) of Regulation (EC) No 2580/2001 on specific restrictive measures directed against certain persons and entities with a view to combating terrorism, and repealing Implementing Regulation (EU) 2022/147 (link)
  • Council Decision (CFSP) 2022/1241 of 18 July 2022 updating the list of persons, groups and entities subject to Articles 2, 3 and 4 of Common Position 2001/931/CFSP on the application of specific measures to combat terrorism, and repealing Decision (CFSP) 2022/152 (link)

The Council of the European Union on 18 July 2022 concluded that the persons, groups and entities to which Articles 2, 3 and 4 of Common Position 2001/931/CFSP apply should continue to be subject to the specific restrictive measures provided for in Regulation (EC) No 2580/2001 and consequently decided to update the list of persons, groups and entities referred to in Article 1 of Regulation (EU) 2022/1230 and which is found in the Annex of the same Regulation. The Council of the European Union also decided to repeal Implementing Regulation (EU) 2022/147.


Belarus Regime

  • Council Implementing Regulation (EU) 2022/1231 of 18 July 2022 implementing Regulation (EC) No 765/2006 concerning restrictive measures in view of the situation in Belarus and the involvement of Belarus in the Russian aggression against Ukraine

The Council of the European Union on 18 July 2022 decided to delete an entry from the list set out in Section B (‘Legal persons, entities and bodies referred to in Article 2(1)’) of Annex I to Regulation (EC) No 765/2006.

Read more.

  • Council Implementing Decision (CFSP) 2022/1243 of 18 July 2022 implementing Decision 2012/642/CFSP concerning restrictive measures in view of the situation in Belarus and the involvement of Belarus in the Russian aggression against Ukraine

The Council of the European Union on 18 July 2022 decided to delete an entry from the list set out in Section B (‘Legal persons, entities or bodies referred to in Article 4(1)’) of Annex I to Decision 2012/642/CFSP.

Read more.


Russia Regime

  • Corrigendum to Council Regulation (EU) 2022/576 of 8 April 2022 amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine (Official Journal of the European Union L 111 of 8 April 2022)

Page 62 of Annex VI (new Annex XXIII), under the column CN code has been amended as follows:

for:

‘8482 40’,

read:

‘8482 20 00’;

The heading on page 66 of Annex VI (new Annex XXIV) has been amended as follows:

for:

‘ANNEX XXIV

LIST OF GOODS AS REFERRED TO IN ARTICLE 3ea(4)(a)’,

read:

‘ANNEX XXIV

LIST OF GOODS AS REFERRED TO IN ARTICLE 3ea(5)(a)’.

The following has been published in the Press release issued by the UNSC.

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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