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LOCAL News

  • 12 Sep 2022 11:41 | Anonymous

    Ukraine Regime

    ·        Council Implementing Regulation (EU) 2022/1501 of 9 September 2022 implementing Regulation (EU) No 208/2014 concerning restrictive measures directed against certain persons, entities and bodies in view of the situation in Ukraine

    https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.L_.2022.235.01.0001.01.ENG&toc=OJ%3AL%3A2022%3A235%3ATOC

    On 09 September 2022, The Council of the European Union decided to amend Annex I to Regulation (EU) No 208/2014 and deleted the following entries from Annex A and B:

    1.

    Viktor Fedorovych Yanukovych;

    3.

    Viktor Pavlovych Pshonka;

    7.

    Oleksandr Viktorovych Yanukovych;

    9.

    Artem Viktorovych Pshonka;

    ·        Council Decision (CFSP) 2022/1507 of 9 September 2022 amending Decision 2014/119/CFSP concerning restrictive measures directed against certain persons, entities and bodies in view of the situation in Ukraine

    https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.L_.2022.235.01.0032.01.ENG&toc=OJ%3AL%3A2022%3A235%3ATOC

    On 9 September, the Council of The European Union amended Decision 2014/119/CFSP. The restrictive measures have been extended up until 06 March 2023.

    The following entries were deleted accordingly from Section A and B of the Council Decision:

    1.

    Viktor Fedorovych Yanukovych;

    3.

    Viktor Pavlovych Pshonka;

    7.

    Oleksandr Viktorovych Yanukovych;

    9.

    Artem Viktorovych Pshonka;

    Libya Regime

    ·        Council Implementing Regulation (EU) 2022/1502 of 9 September 2022 implementing Article 21(5) of Regulation (EU) 2016/44 concerning restrictive measures in view of the situation in Libya and Council Implementing Decision (CFSP) 2022/1509 of 9 September 2022 implementing Decision (CFSP) 2015/1333 concerning restrictive measures in view of the situation in Libya

    https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.L_.2022.235.01.0004.01.ENG&toc=OJ%3AL%3A2022%3A235%3ATOC

    https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.L_.2022.235.01.0035.01.ENG&toc=OJ%3AL%3A2022%3A235%3ATOC

    On 09 September 2022, the Council of the European Union amended Annex II to Regulation (EU) 2016/44 and Annex I and Annex III to Decision (CFSP) 2015/1333, entry 6 is replaced by the following:

    ‘6.

    Name: 1: ABU 2: ZAYD 3: UMAR 4: DORDA

    Title: na Designation: a) Director, External Security Organisation. b) Head of external intelligence agency. DOB:4 Apr. 1944POB: Alrhaybat Good quality a.k.a.: a) Dorda Abuzed OE b) Abu Zayd Umar Hmeid Dorda Low quality a.k.a.: na Nationality: na Passport no: Libya number FK117RK0, issued on 25 Nov. 2018, issued in Tripoli (Date of expiration: 24 Nov 2026) National identification no: na Address: Libya (Believed status/location: deceased) Listed on:26 Feb. 2011 (amended on 27 Jun. 2014, 1 Apr. 2016, 25 Feb. 2020, 18 Jul. 2022) Other information: Listed pursuant to paragraph 15 of resolution 1970 (Travel Ban). Listed on 17 March 2011 pursuant to paragraph 17 of resolution 1970 (Asset Freeze).’

    For further information please consult the above links.

    The Democratic People’s Republic of Korea Regime

    ·        Council Implementing Regulation (EU) 2022/1503 of 9 September 2022 implementing Regulation (EU) 2017/1509 concerning restrictive measures against the Democratic People’s Republic of Korea and Council Implementing Decision (CFSP) 2022/1510 of 9 September 2022 implementing Decision (CFSP) 2016/849 concerning restrictive measures against the Democratic People’s Republic of Korea

    https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.L_.2022.235.01.0006.01.ENG&toc=OJ%3AL%3A2022%3A235%3ATOC

    https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.L_.2022.235.01.0037.01.ENG&toc=OJ%3AL%3A2022%3A235%3ATOC

    On 26 July 2022, the United Nations Security Council (‘UNSC’) Committee established pursuant to UNSC Resolution 1718 (2006) updated the information relating to 20 persons and 24 entities subject to restrictive measures. On 09 September 2022, the Council of the European Union amended Annex XIII to Regulation (EU) 2017/1509 and Annex I to Decision (CFSP) 2016/849 accordingly.

    For further information please consult the above links.

    __________________________________________________________________________________________

    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 hereunder:

    http://www.justiceservices.gov.mt/DownloadDocument.aspx?app=lom&itemid=8835&l=1

    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


  • 6 Sep 2022 11:42 | Anonymous

    Iraq Regime

    • Commission Implementing Regulation (EU) 2022/1464 of 2 September 2022 amending Council Regulation (EC) No 1210/2003 concerning certain specific restrictions on economic and financial relations with Iraq

    https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32022R1464&from=EN

    The European Commission on 02 September 2022 decided to amend Annex IV to Regulation (EC) No 1210/2003 by deleting an entry from the list of natural and legal persons, bodies or entities associated with the regime of former President Saddam Hussein covered by the freezing of funds and economic resources and by a prohibition to make funds or economic resources available.

    For further information please consult the above link.


    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 hereunder:

    http://www.justiceservices.gov.mt/DownloadDocument.aspx?app=lom&itemid=8835&l=1

    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

  • 2 Sep 2022 12:12 | Anonymous

    Ukraine Regime

    ·        Council Implementing Regulation (EU) 2022/1446 of 1 September 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

    https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32022R1446&from=EN

    The Council of the European Union on 01 September 2022 decided to amend Annex I to Regulation (EU) No 269/2014 by adding three persons to the list of natural and legal persons, entities and bodies subject to restrictive measures set out in the aforementioned Annex.

    ·        Council Decision (CFSP) 2022/1447 of 1 September 2022 amending Decision 2014/145/CFSP concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine

    https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32022D1447&from=EN

    The Council of the European Union on 01 September 2022 decided to amend the Annex set out in Decision 2014/145/CFSP by adding three persons to the list of natural and legal persons, entities and bodies subject to restrictive measures set out in the aforementioned Annex.

                                                                                                                                           

    For further information please consult the above links.

    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 hereunder:

    http://www.justiceservices.gov.mt/DownloadDocument.aspx?app=lom&itemid=8835&l=1

    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

     


  • 31 Aug 2022 14:26 | Anonymous

    UNSC Resolution 1518 (2003)
     
    On 30 August 2022, the Security Council Committee established pursuant to Resolution 1518 (2003) removed one entry from its Sanctions List of individuals and entities.

    For further information please click here.

  • 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

  • 5 Aug 2022 12:30 | Malta Institute of Accountants (Administrator)


    Russia Regime

    Corrigendum to Council Decision (CFSP) 2022/1313 of 25 July 2022 amending Decision 2014/512/CFSP concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine

    On 04 August 2022 the European Council amended page 17 of Official Journal of the European Union L 189 of 27 July 2022 to read as follows:

    ’26 July 2022’.

    Read more.


    Ukraine Regime

    • Corrigendum to Council Implementing Regulation (EU) 2022/1270 of 21 July 2022 implementing Regulation (EU) No 269/ 2014 concerning restrictive measures in restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty, and independence of Ukraine.

    On 04 August 2022, the European Council amended page 162, entry number 1209 of the Official Journal of the European Union, for Alexander Anatolievich MAKSIMTSEV, in the third column headed 'Identifying information':

    for: 'POB: Tokmak, Kirghiz SSR, former USSR (now Russian Federation);

    read: 'POB: Tokmak, Kirghiz SSR, former USSR (now Krygyzstan).

    Read more.


    • Corrigendum to Council Decision (CFSP) 2022/1272 of 21 July 2022 amending Decision 2014/145/CFSP concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty, and independence of Ukraine.

    On 04 August 2022, the European Council amended page 252, in entry 1209 for Alexander Anatolievich MAKSIMTSEV, in the third column headed 'Identifying information':

    for: 'POB: Tokmak, Kirghiz SSR, former USSR (now Russian Federation)';

    read: 'POB: Tokmak, Kirghiz SSR, former USSR (now Kyrgyzstan)'.

    Read more.


    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

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


    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

    On 02 August 2022 the European Council amended page 42 of Annex XXIII, under the column ‘CN code’ of Council Regulation (EU) 2022/576 of 8 April 2022 amending Regulation (EU) No 833/2014 to read as follows:

    ‘3920 10’.

    Read more.


    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

  • 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’.

    Read more.


    • 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.

    Read more.


    • 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.

    Read more.


    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

  • 27 Jul 2022 14:00 | Malta Institute of Accountants (Administrator)


    UNSC Resolution 1718 (2006)

    On 26 July 2022, the Security Council Committee established pursuant to resolution 1718 (2006) enacted the amendments to 44 entries on its Sanctions List of individuals and entities.

    Read more.


    Libya Regime

    Council Implementing Regulation (EU) 2022/1308 of 26 July 2022 implementing Regulation (EU) 2016/44 concerning restrictive measures in view of the situation in Libya (linked here)

    Council Implementing Decision (CFSP) 2022/1315 of 26 July 2022 implementing Decision (CFSP) 2015/1333 concerning restrictive measures in view of the situation in Libya (linked here)

    The Council of the EU has on 26 July 2022 amended Annex III of Regulation (EU) No 204/2011 to conclude that the entry for one person, who is deceased, should be deleted and that the restrictive measures against all other natural and legal persons, entities or bodies in the lists set out in Annex III to Regulation EU (2016/44) should be maintained. In addition, the statement of reasons and identifying information for two persons have been updated.

    Annex III (List of natural and legal persons, entities or bodies referred to in Article 6(2) to Regulation (EU) 2016/44 is therefore amended in accordance with the Annex to this Regulation.


    Ukraine Regime

    Council Amending Decision (EU) 2014/512/CFSP of 26 July 2022 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine. (linked here)

    In view of the gravity of the situation, and in response to Russia’s continued actions destabilising the situation in Ukraine, the Council considers that Decision 2014/512/CFSP should be renewed for a further six months. Decision 2014/512/CFSP should therefore be amended accordingly. (linked here)

    In Decision 2014/512/CFSP, Article 9(1) is replaced by the following: This Decision shall apply until 31 January 2023.


    Lebanon Regime

    Council Amending Decision (CFSP) 2021/1277 of 26 July 2022 concerning restrictive measures in view of the situation in Lebanon. (linked here)

    On 30 July 2021, the Council adopted Decision (CFSP) 2021/1277 concerning restrictive measures in view of the situation in Lebanon. Decision (CFSP) 2021/1277 applies until 31 July 2022. Based on a review of that Decision, the restrictive measures should be renewed until 31 July 2023. (linked here)


    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

  • 22 Jul 2022 11:00 | Malta Institute of Accountants (Administrator)


    Ukraine Regime

    • Council Regulation (EU) 2022/1269 of 21 July 2022 amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine

    On 21 July 2022, the Council adopted Decision (CFSP) 2022/1271, amending Decision 2014/512/CFSP. Decision (CFSP) 2022/1271 extends the list of controlled items which might contribute to Russia’s military and technological enhancement or the development of its defence and security sector. It also imposes a prohibition on the direct or indirect import, purchase or transfer of gold. This prohibition applies to Russian-origin gold, exported from Russia after the entry into force of the Regulation. Decision (CFSP) 2022/1271 extends the port access ban to locks in order to ensure full implementation of the measure and avoid circumvention. In order to safeguard the technical industrial standard setting process of the International Civil Aviation Organization (ICAO), Decision (CFSP) 2022/1271 allows, the sharing of technical assistance with Russia in relation to aviation goods and technology in this specific framework. In order to ensure access to justice, Decision (CFSP) 2022/1271 also allows an exemption from the prohibition to enter into any transactions with Russian public entities necessary to ensure access to judicial, administrative or arbitral proceedings. In order to ensure the correct implementation of the measures set out in Regulation (EU) No 833/2014, it is necessary to clarify the scope of the prohibition on public procurement. Further, it is necessary to harmonise the notification requirements for national competent authorities granting authorisations pursuant to derogations provided for in that Regulation. Decision CFSP 2022/1271 expands the scope of the prohibition on accepting deposits to include those from legal persons, entities or bodies established in third countries and majority-owned by Russian nationals or natural persons residing in Russia. Additionally, it subjects the acceptance of deposits for non-prohibited cross-border trade to a prior authorisation by the national competent authorities. Finally, Decision CFSP 2022/1271 makes certain technical corrections in the operative text and certain annexes. In view of the Union’s determined stance to combat food and energy insecurity around the world, and in order to avoid any potential negative consequences therefor, Decision (CFSP) 2022/1271 extends the exemption from the prohibition to engage in transactions with certain State-owned entities as regards transactions for agricultural products and the supply of oil and petroleum products to third countries. In more general terms, the Union is committed to avoiding all measures which might lead to food insecurity around the globe. Consequently, none of the measures in this Regulation or any of those adopted earlier in view of Russia’s actions destabilising the situation in Ukraine target in any way the trade in agricultural and food products, including wheat and fertilisers, between third countries and Russia. Similarly, the Union measures do not prevent third countries and their nationals operating outside of the Union from purchasing pharmaceutical or medical products from Russia. These measures fall within the scope of the Treaty and, therefore, in particular with a view to ensuring their uniform application in all Member States, regulatory action at the level of the Union is necessary.

    Regulation (EU) No 833/2014 should therefore be amended accordingly.

    Read more.


    • Council Decision (CFSP) 2022/1271 of 21 July 2022 amending Decision 2014/512/CFSP concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine

    On 21 July 2022, in view of the gravity of the situation, and in response to Russia’s military aggression against Ukraine, the EU considered it appropriate to introduce further restrictive measures. In particular, it is appropriate to prohibit the direct or indirect import, purchase or transfer of gold. This prohibition applies to Russian-origin gold, exported from Russia after the entry into force of the Decision. It is also appropriate to extend the port access ban to locks in order to ensure full implementation of the measure and avoid circumvention. Moreover, it is appropriate to expand the scope of the prohibition on accepting deposits to include those from legal persons, entities or bodies established in third countries and majority-owned by Russian nationals or natural persons residing in Russia. It is also appropriate to subject the acceptance of deposits for non-prohibited cross-border trade to a prior authorisation by the national competent authorities. It is also appropriate to add certain entries to the lists of legal persons, entities and bodies set out in Annex IV of Decision 2014/512/CFSP. Furthermore, it is appropriate to clarify the scope of the prohibition on public procurement. In order to safeguard the technical industrial standard setting process of the International Civil Aviation Organization (ICAO), it is appropriate to allow the sharing of technical assistance with Russia in relation to aviation goods and technology in this specific framework. In order to ensure access to justice, it is also appropriate to introduce an exemption from the prohibition to enter into any transactions with Russian public entities where this is necessary to ensure access to judicial, administrative or arbitral proceedings. In view of the Union’s determined stance to combat food and energy insecurity around the world, and in order to avoid any potential negative consequences therefor, it is appropriate to extend the exemption from the prohibition to engage in transactions with certain State-owned entities as regards transactions for agricultural products and the supply of oil and petroleum products to third countries. In more general terms, the Union is committed to avoiding all measures which might lead to food insecurity around the globe. Consequently, none of the measures in this Decision or any of those adopted earlier in view of Russia’s actions destabilising the situation in Ukraine target in any way the trade in agricultural and food products, including wheat and fertilisers, between third countries and Russia. Similarly, the Union measures do not prevent third countries and their nationals operating outside of the Union from purchasing pharmaceutical or medical products from Russia. Further action by the Union is needed in order to implement certain measures.

    Decision 2014/512/CFSP should therefore be amended accordingly.

    Read more.


    • Council Implementing Regulation (EU) 2022/1270 of 21 July 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

    On 21 July 2022, the EU added 48 persons and 9 entities considered responsible for actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine should be added to the list of natural and legal persons, entities and bodies under in Annex I to Regulation (EU) No 269/2014.

    Regulation (EU) No 269/2014 should therefore be amended accordingly.

    Read more.


    • Council Decision (CFSP) 2022/1272 of 21 July 2022 amending Decision 2014/145/CFSP concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine

    On 21 July 2022, the EU added 48 persons and 9 entities considered responsible for actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine to the list of persons, entities and bodies subject to restrictive measures set out in the Annex to Decision 2014/145/CFSP. Moreover, it is appropriate to introduce a further derogation from the asset freeze and the prohibition to make funds and economic resources available to designated persons and entities in order to urgently prevent or mitigate an event likely to have a serious and significant impact on human health and safety or the environment. In view of the Union’s determined stance to avoid and combat food insecurity around the world, and in order to avoid disruptions in the payment channels for agricultural products, it is also appropriate to introduce a derogation from the asset freeze and the prohibition to make funds and economic resources available to designated banks. It is also appropriate to introduce a derogation from the asset freeze and the prohibition to make funds and economic resources available for the orderly wind-down of operations, including correspondent banking relations, with one designated bank. Further action by the Union is needed in order to implement certain measures.

    Decision 2014/145/CFSP should therefore be amended accordingly.

    Read more.


    • Council Regulation (EU) 2022/1273 of 21 July 2022 amending Regulation (EU) No 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine

    On 21 July 2022, the Council adopted Decision (CFSP) 2022/1272 amending Decision 2014/145/CFSP, whereby it introduced a further derogation from the asset freeze and the prohibition to make funds and economic resources available to designated persons and entities in order to urgently prevent or mitigate an event likely to have a serious and significant impact on human health and safety or the environment. Decision (CFSP) 2022/1272 also introduces a derogation from the asset freeze and the prohibition to make funds and economic resources available to designated banks. Decision (CFSP) 2022/1272 also introduces a derogation from the asset freeze and the prohibition to make funds and economic resources available for the orderly wind-down of operations, including correspondent banking relations, with one designated bank. Designated persons and entities with assets within the jurisdiction of a Member State are obliged to report these assets and to cooperate with the competent authority in the verification of this reporting. Failure to respect this obligation would constitute a circumvention of the freezing of assets and would be subject to penalties if the conditions for such penalties are met under applicable national rules and procedures.

    Regulation (EU) No 269/2014 should therefore be amended accordingly.

    Read more.


    • Council Implementing Regulation (EU) 2022/1274 of 21 July 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 (linked here)
    • Council Decision (CFSP) 2022/1276 of 21 July 2022 amending Decision 2014/145/CFSP concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine (linked here)

    On 21 July 2022, the EU added six individuals and one entity involved in the recruitment of Syrian mercenaries to fight in Ukraine alongside Russian troops under the list of persons, entities and bodies subject to restrictive measures set out in the Annex I to Regulation (EU) No 269/2014 and Annex to Decision 2014/145/CFSP.

    Regulation (EU) No 269/2014 and Decision 2014/145/CFSP have therefore be amended accordingly.


    Syria Regime

    • Council Implementing Regulation (EU) 2022/1275 of 21 July 2022 implementing Regulation (EU) No 36/2012 concerning restrictive measures in view of the situation in Syria (linked here)
    • Council Implementing Decision (CFSP) 2022/1277 of 21 July 2022 implementing Decision 2013/255/CFSP concerning restrictive measures against Syria (linked here)

    On 21 July 2022, The EU added four persons and one entity under list of natural and legal persons, entities or bodies subject to restrictive measures in Annex II to Regulation (EU) No 36/2012 and Annex I to Decision 2013/255/CFSP


    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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