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SMB: Sanctions Update

22 Sep 2022 14:00 | Malta Institute of Accountants (Administrator)


Central African Republic Regime

  • Council Regulation (EU) 2022/1621 of 20 September 2022 amending Regulation (EU) No 224/2014 concerning restrictive measures in view of the situation in the Central African Republic

The Council of the European Union on 20 September 2022 decided to adopt Council Decision (CFSP) 2022/1626, which amends Decision 2013/798/CFSP in accordance with UNSC Resolution 2648 (2022). In this regard, Regulation (EU) No 224/2014 has been amended accordingly by way of an amendment to Article 3.

Read more.


  • Council Decision (CFSP) 2022/1626 of 20 September 2022 amending Decision 2013/798/CFSP concerning restrictive measures against the Central African Republic

The Council of the European Union on 20 September 2022 decided to amend Decision 2013/798/CFSP in accordance with UNSC Resolution 2648 (2022) by way of an amendment done to the title as well as to Article 2.

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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