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SMB: Sanctions Update

1 Aug 2022 13:30 | Malta Institute of Accountants (Administrator)


Republic of Guinea-Bissau Regime

  • Council Regulation (EU) 2022/1329 of 28 July 2022 amending Regulation (EU) No 377/2012 concerning restrictive measures directed against certain persons, entities and bodies threatening the peace, security or stability of the Republic of Guinea-Bissau

The Council of the European Union on 28 July 2022 decided to amend Regulation (EU) No 377/2012 by replacing its title as follows:

‘Council Regulation (EU) No 337/2012 of 3 May 2012 concerning restrictive measures in view of the situation in Guinea-Bissau’.

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  • Council Implementing Regulation (EU) 2022/1330 of 28 July 2022 implementing Article 11(1) of Regulation (EU) No 377/2012 concerning restrictive measures directed against certain persons, entities and bodies threatening the peace, security or stability of the Republic of Guinea-Bissau

The Council of the European Union on 28 July 2022 decided to amend Annex I to Regulation (EU) No 377/2012 in accordance with the Annex to this Regulation, by deleting the entries concerning nine persons.

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  • Council Decision (CFSP) 2022/1335 of 28 July 2022 amending Decision 2012/285/CFSP concerning restrictive measures directed against certain persons, entities and bodies threatening the peace, security or stability of the Republic of Guinea-Bissau

The Council of the European Union on 28 July 2022 decided to amend Decision 2012/285/CFSP by replacing its title as follows:

‘Council Decision 2012/285/CFSP of 31 May 2012 concerning restrictive measures in view of the situation in Guinea-Bissau and repealing Decision 2012/237/CFSP’.

This Decision was further amended by the deletion of seven entries from Annex II of the Decision, as well as by the deletion of nine entries from Annex III of the same Decision.

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Democratic People’s Republic of Korea Regime

  • Council Implementing Regulation (EU) 2022/1331 of 28 July 2022 implementing Regulation (EU) 2017/1509 concerning restrictive measures against the Democratic People’s Republic of Korea

The Council of the European Union on 28 July 2022 decided to amend Regulation (EU) 2017/1509 in order to reflect the United Nations Security Council (‘UNSC’) Committee established pursuant to UNSC Resolution 1718 (2006)’s decision of 30 June 2022 which updated the information relating to one person in the list set out in Annex XIII to Regulation (EU) 2017/1509. In this regard, the following amendments have been undertaken:

Entry 29 of Annex XIII to Regulation (EU) 2017/1509, under the heading ‘List of persons, entities and bodies referred to in Article 34(1) and 34(3)’, subheading ‘(a) Natural persons’, has been replaced accordingly; and

Entries 1, 3 to 13 and 16 to 31 of Annex XV to Regulation (EU) 2017/1509 is amended as follows:

(a) under the heading ‘List of persons, entities and bodies referred to in Article 34(1) and 34(3)’, subheading ‘(a) Natural persons designated in accordance with point (a) of Article 34(4)’, have been replaced accordingly;

(b) under the heading ‘List of persons, entities and bodies referred to in Article 34(1) and 34(3)’, subheading ‘(a) Natural persons designated in accordance with point (a) of Article 34(4)’, entry 2 has been deleted;

(c) under the heading ‘List of persons, entities and bodies referred to in Article 34(1) and 34(3)’, subheading ‘(b) Legal persons, entities and bodies designated in accordance with point (a) of Article 34(4)’, entries 4 and 5 have been replaced accordingly; and

(d) under the heading ‘List of persons, entities and bodies referred to in Article 34(1) and 34(3)’, subheading ‘(c) Natural persons designated in accordance with point (b) of Article 34(4)’, entries 1 to 6 have been replaced accordingly.

Annex XVI to Regulation (EU) 1509/2017 has been amended as follows:

(a) under the heading ‘List of persons, entities or bodies referred to in Article 34(1) and 34(3)’, subheading ‘(a) Natural persons’, entries 1 to 19 and 21 to 26 have been replaced accordingly; and

(b) under the heading ‘List of persons, entities or bodies referred to in Article 34(1) and 34(3)’, subheading ‘(b) Legal persons, entities and bodies’, entries 1 to 4, 6 and 8 have been replaced accordingly.

Read more.


  • Council Decision (CFSP) 2022/1336 of 28 July 2022 amending Decision (CFSP) 2016/849 concerning restrictive measures against the Democratic People’s Republic of Korea

The Council of the European Union on 28 July 2022 decided to amend Decision (CFSP) 2016/849 in order to reflect the United Nations Security Council (‘UNSC’) Committee establish pursuant to UNSC Resolution 1718 (2006)’s decision of 30 June 2022 which updated the information relating to one person in the list set out in Annex I to Decision (CFSP) 2016/849. In this regard, the following amendments have been undertaken:

Entry 29 of Annex I to Decision (CFSP) 2016/849, under the heading ‘A. Persons’, has been replaced accordingly; and

Entries 1, 3 to 13 and 16 to 31 of Annex II to Decision (CFSP) 2016/849 have been amended as follows:

(a) under the heading ‘I. Persons and entities responsible for the DPRK’s nuclear-related, ballistic-missile-related or other weapons of mass destruction-related programmes or persons or entities acting on their behalf or at their direction, or entities owned or controlled by them’, subheading ‘A. Persons’ have been replaced accordingly;

(b) under the heading ‘I. Persons and entities responsible for the DPRK’s nuclear-related, ballistic-missile-related or other weapons of mass destruction-related programmes or persons or entities acting on their behalf or at their direction, or entities owned or controlled by them’, subheading ‘A. Persons’, entry 2 is deleted; and

(c) under the heading ‘I. Persons and entities responsible for the DPRK’s nuclear-related, ballistic-missile-related or other weapons of mass destruction-related programmes or persons or entities acting on their behalf or at their direction, or entities owned or controlled by them’, subheading ‘B. Entities’, entries 4 and 5 have been replaced accordingly.

Annex III to Decision (CFSP) 2016/849 has been amended as follows:

(a) under the heading ‘List of persons referred to in point (c) of Article 23(1) and point (c) of Article 27(1)’, subheading ‘A. Persons’, entries 1 to 19 and 21 to 26 have been replaced accordingly; and

(b) under the heading ‘List of persons referred to in point (c) of Article 23(1) and point (c) of Article 27(1)’, subheading ‘B. Entities’, entries 1 to 4, 6 and 8 have been replaced accordingly.

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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