Introduction
1. The Russia (Sanctions) (EU Exit) Regulations 2019 (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 destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine, or obtaining a benefit from or supporting the Government of Russia.
2. On 31 March 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 designation have been made and are now subject to an asset freeze:
- PHOTON PRO LLP
- MAJORY LLP
- DJECO GROUP LP
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 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 Russia 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
Office of the Chief Executive
External Relations
sanctions@gov.je
ANNEX TO NOTICE
FINANCIAL SANCTIONS: RUSSIA
ADDITIONS
Entities
1. PHOTON PRO LLP
a.k.a: Foton Pro Address: C/O Law & Tax International Solutions, 25 City Road, London, United Kingdom, EC1Y 1AA. Other Information: (UK Sanctions List Ref): RUS1116 (UK Statement of Reasons): Designated for the purposes of an asset freeze under the Russia (Sanctions) (EU Exit) Regulations 2019. The designation is made as a designation by name under the urgent procedure. The relevant provision by reference to which the Minister considers that condition B is met is Executive Order 14024. The purposes of this provision correspond or are similar to the purposes of the UK’s Russia (Sanctions) (EU Exit) Regulations 2019, which have as their purposes to encourage Russia to cease actions destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine. The Minister considers that it is in the public interest to designate (condition C). (Phone number): +44 1438 94 08 80 (Website): photon.pro/ (Email address): info@photon.pro (Type of entity): Limited liability partnership (Business Reg No): OC425116 Listed on: 31/03/2022 UK Sanctions List Date Designated: 31/03/2022 Last Updated: 31/03/2022 UK Consolidated Group ID: 15065.
2. MAJORY LLP
Address: C/O Law & Tax International Solutions, 25 City Road, London, United Kingdom, EC1Y 1AA. Other Information: (UK Sanctions List Ref): RUS1117 (UK Statement of Reasons): Designated for the purposes of an asset freeze under the Russia (Sanctions) (EU Exit) Regulations 2019. The designation is made as a designation by name under the urgent procedure. The relevant provision by reference to which the Minister considers that condition B is met is Executive Order 14024. The purposes of this provision correspond or are similar to the purposes of the UK’s Russia (Sanctions) (EU Exit) Regulations 2019, which have as their purposes to encourage Russia to cease actions destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine. The Minister considers that it is in the public interest to designate (condition C). (Phone number): +44 2045 77 15 39 (Website): www.majory.co.uk (Email address): info@majory.co.uk (Type of entity): Limited liability partnership (Business Reg No): OC400827 Listed on: 31/03/2022 UK Sanctions List Date Designated: 31/03/2022 Last Updated: 31/03/2022 UK Consolidated Group ID: 15066.
3. DJECO GROUP LP
Address: International House, 38 Thistle Street, Edinburgh, United Kingdom, EH2 1EN. Other Information: (UK Sanctions List Ref): RUS1118 (UK Statement of Reasons): Designated for the purposes of an asset freeze under the Russia (Sanctions) (EU Exit) Regulations 2019. The designation is made as a designation by name under the urgent procedure. The relevant provision by reference to which the Minister considers that condition B is met is Executive Order 14024. The purposes of this provision correspond or are similar to the purposes of the UK’s Russia (Sanctions) (EU Exit) Regulations 2019, which have as their purposes to encourage Russia to cease actions destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine. The Minister considers that it is in the public interest to designate (condition C). (Type of entity): Limited partnership (Business Reg No):SL033858 Listed on: 31/03/2022 UK Sanctions List Date Designated: 31/03/2022 Last Updated: 31/03/2022 UK Consolidated Group ID: 15067.
Ministry of External Relations
1 April 2022
gov.je