Financial Sanctions Notice Global Anti-Corruption 09 December 2022

Introduction 

1. The Global Anti-Corruption Sanctions Regulations 2021 (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 responsible for or involved in serious corruption.

2. On 9 December 2022 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.

3. 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.

4. 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.

5. An asset freeze now applies to the persons listed in the Annex to this Notice under Part 3 of SAFL.

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

6. The following designations have been made and are now subject to an asset freeze:

• Vladimir PLAHOTNIUC  (UK Consolidated Group ID: 15658)
• Milan Rajko RADOJCIC (UK Consolidated Group ID: 15687)
• Ilan SHOR (UK Consolidated Group ID: 15661)
• Slobodan TESIC (UK Consolidated Group ID: 15660)
• Zvonko VESELINOVIC (UK Consolidated Group ID: 15677) 
  

What you must do   

7. You must:  

• immediately 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 without notice and without delay.
• 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 SAFL.
• 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. 

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

Further Information

9. Further information on sanctions can be found on the Government of Jersey website and the Jersey Financial Services Commission (JFSC) website.

10. Jersey guidance on the Global Anti-Corruption sanctions regime is available on JFSC website.

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

12. 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.

13. A copy of the UK Sanctions List can be found here.

14. A copy of the UK Office of Financial Sanctions Implementation Consolidated List can be found here.

Enquiries 

15. Non-media enquiries, sanctions compliance reporting, and licence applications should be addressed to: 

Head of International Compliance

Ministry of External Relations

sanctions@gov.je

Annex to Notice

16. Full details of this amendment can be found here.