Introduction
The Libya (Sanctions) (EU Exit) Regulations 2020 (the "UK Regulations") were made under the Sanctions and Anti-Money Laundering Act 2018 and provide for the freezing of funds and economic resources of certain persons, entities or bodies involved in the commission of a serious human rights violation or abuse in Libya; the commission of a serious breach of international humanitarian law in Libya; activities undermining Libya's transition to a democratic, peaceful and independent country or any other activity that threatens the peace, stability and security of Libya.
On 24 February 2023 the Foreign, Commonwealth and Development Office updated the UK Sanctions List to reflect changes to those persons designated under the UK Regulations. A link to the UK Sanctions List can be found below.
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.
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.
An asset freeze no longer applies to the person listed in the Annex to this Notice under Part 3 of SAFL.
Notice summary (Full details are provided in the Annex to this Notice)
The following designation has been removed and is no longer subject to an asset freeze:
Further Information
Further information on financial sanctions and the Jersey Financial Services Commission (JFSC).
Jersey guidance on the Libya sanctions regime on JFSC website
Copies of Jersey sanctions legislation, including the Order and SAFL, on the Jersey Legal Information Board website.
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.
A copy of the UK Sanctions List on GOV.UK.
A copy of the UK Office of Financial Sanctions Implementation Consolidated List on GOV.UK
Enquiries
Non-media enquiries, sanctions compliance reporting, and licence applications should be addressed to:
Financial Sanctions Implementation Unit
External Relations
sanctions@gov.je
Annex
Annex to Financial Sanctions Notice Libya 24 February 2023
gov.je