Financial Sanctions Notice UK Human Rights Designations 2 October 2020

Introduction

1. The UK Global Human Rights Sanctions Regulations 2020 (the “UK Regulation”) made under the Sanctions and Anti-Money Laundering Act 2018 has been amended.

2. Identifying information for the individual and entity listed in the Annex to this Notice has been amended.

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

3. The following designations have been updated and remain subject to an asset freeze.

Individual

• LOGUNOV, Oleg

Entity

• Ministry of People’s Security Correctional (MPS) Bureau

What you must do

4. 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 (“MER”).
• report any findings to MER, together with any additional information that would facilitate compliance with the Regulation.
• provide any information concerning the frozen assets of designated persons that MER may request. Information reported to MER may be passed on to other regulatory authorities or law enforcement.

5. Failure to comply with financial sanctions legislation or to seek to circumvent its provisions is a criminal offence.

Legislative details

6. The Sanctions and Asset-Freezing (UK Human Rights Designations) (Jersey) Order 2020 (the “Order”), made under the Sanctions and Asset-Freezing (Jersey) Law 2019 (“SAFL”), links to the UK Regulation.

7. Any asset-freeze designations made under the UK Regulation are effective immediately in Jersey.

Further Information

8. Copies of Jersey sanctions Orders and other legislation, including the Order and SAFL, can be found on the Jersey Legal Information Board website.

9. A copy of the UK Regulation can be found on legislation.gov.uk.

10. For more information on Financial Sanctions please see the Jersey Financial Services Commission guidance on financial sanctions.

Enquiries

11. Non-media enquiries, reports and licence applications should be addressed to:

Head of International Compliance

Office of the Chief Executive

External Relations

sanctions@gov.je

Annex

12. Full details of the amendment can be found here.