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Financial Sanctions Notice Global Anti-Corruption 12 August 2021

Published byExternal Relations
TypeSanctions
Date published
12 August 2021

Introduction  

1. The Global Anti-Corruption Sanctions Regulations 2021 (the “UK Regulations”) provide for the freezing of funds and economic resources of certain persons, entities or bodies responsible for or involved in serious corruption.
2. The Sanctions and Asset-Freezing (Implementation of External Sanctions) (Jersey) Order 2021 (the “Order”), made under the Sanctions and Asset-Freezing (Jersey) Law 2019 (“SAFL”), links to the UK Regulations. 
3. Any changes to asset-freeze designations made under the UK Regulations are effective immediately by virtue of the ambulatory provisions in Jersey’s sanctions legislation.

Notice summary (Full details are provided in the Annex to this Notice)  

4. The following designations have been amended and remains subject to an asset freeze:
  • Alvaro Enrique PULIDO VARGAS 
  • Alex Nain SAAB MORAN 

What you must do   

5. You must:   
  • check whether you maintain any accounts or hold any funds or economic resources for the persons set out in the Annex to this Notice.
  • freeze such accounts, and other funds or economic resources.
  • refrain from dealing with the funds or assets or making them available (directly or indirectly) to such persons unless licensed by the Minister for External Relations and Financial Services (“MERFS”).
  • report any findings to MERFS, together with any additional information that would facilitate compliance with SAFL.
  • provide any information concerning the frozen assets of designated persons that MERFS may request. Information reported to MERFS may be passed on to other regulatory authorities or law enforcement.
6. Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for designated persons, they are not required to report these details again.
7. Failure to comply with sanctions legislation or to seek to circumvent its provisions is a criminal offence. 

Further Information 

8. Further information on sanctions can be found on the Government of Jersey website and the Jersey Financial Services Commission (JFSC) website.
9. Jersey guidance on the Global Anti-Corruption sanctions regime is available on JFSC website.
10. Copies of Jersey sanctions legislation, including the Order and SAFL, can be found on the Jersey Legal Information Board website
11. A copy of the UK Regulations can be obtained from legislation.gov.uk and other relevant information about this regime can be found on gov.uk.
12. A copy of the UK sanctions list can be found here.
13. A copy of the OFSI consolidated list can be found here.

Enquiries  

14. Non-media enquiries, suspected breach reports and licence applications should be addressed to:  
Head of International Compliance
Office of the Chief Executive
External Relations
sanctions@gov.je

Annex to Notice


Financial Sanctions Notice Global Anti-Corruption 12 August 2021
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