Financial Sanctions Notice Russia 28 March 2022

Introduction  

1. The Russia (Sanctions) (EU Exit) Regulations 2019 (the “UK Regulations”) were made under the Sanctions and Anti-Money Laundering Act 2018 and name persons in relation to financial and investment restrictions. These persons are named in Schedule 2 of the UK Regulations and are recorded in UK Office of Financial Sanctions Implementation (OFSI) list of persons named in relation to financial and investment restrictions.

2. On 24 March 2022 the Foreign, Commonwealth and Development Office updated the list of persons named in relation to financial and investment restrictions.

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.

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

What you must do

Further Information 

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

7. Jersey guidance on the Russia sanctions regime is available on JFSC website.

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

9. 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.

10. A copy of the OFSI List of persons named in relation to financial and investment restrictions can be found here.

Enquiries  

ANNEX TO NOTICE

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