Financial Sanctions Notice Libya 13 May 2021

Introduction  

1. The Libya (Sanctions) (EU Exit) Regulations 2020 (the “UK Regulations”) 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.

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 asset-freeze designations made under the UK Regulations are effective immediately by virtue of the ambulatory provisions in Jersey’s sanctions legislation.

4. 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)  

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

• Mohamed AL - KANI 
• Abdurahem AL KANI
• AL-KANIYAT
  

6. The following entry has been amended and remains subject to an asset freeze:

• Aisha Muammar Muhammed Abu Minyar QADHAFI
  

What you must do   

7. 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.

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 Libya 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 OFSI consolidated list can be found here.

Enquiries  

15. Non-media enquiries, suspected breach reports and licence applications should be addressed to:  

Head of International Compliance

Office of the Chief Executive

External Relations

ANNEX TO NOTICE

16. Full details of the additions and amendments can be found here