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SMB: Sanctions Update

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


Tunisia Regime

  • Council Implementing Regulation (EU) 2022/1356 of 4 August 2022 implementing Regulation (EU) No 101/2011 concerning restrictive measures directed against certain persons, entities and bodies in view of the situation in Tunisia (linked here)
  • Council Decision (CFSP) 2022/1367 of 4 August 2022 amending Decision 2011/72/CFSP concerning restrictive measures directed against certain persons and entities in view of the situation in Tunisia (linked here)

The Council of the European Union on 04 August 2022 decided to Annex I to Regulation (EU) No 101/2011 as follows:

Deletion of an entry pertaining to a person from Section A (‘List of persons and entities referred to in Article 2’); and

Deletion of an entry pertaining to a person from Section B (‘Rights of defence and right to effective judicial protection under Tunisian law:’).


Ukraine Regime

  • Council Implementing Regulation (EU) 2022/1354 of 4 August 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

The Council of the European Union on 04 August 2022 decided to amend Regulation (EU) No 269/2014 by adding two persons to the list of natural and legal persons, entities and bodies set out in Annex I to the said Regulation.

Read more.


  • Council Decision (CFSP) 2022/1355 of 4 August 2022 amending Decision 2014/145/CFSP concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine

The Council of the European Union on 04 August 2022 decided to amend Decision 2014/145/CFSP by adding two persons to the list of persons, entities and bodies set out in the Annex to the said Decision.

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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