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United Nations & European Sanctions

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Responsibility of Financial Services Providers

Financial Services Providers are expected, pursuant to the Money Laundering Regulations (2009 Revision) to have systems and controls in place to conduct initial due diligence, for monitoring on an ongoing basis and reporting. In the event of updates to the relevant sanctions lists below, Financial Services Providers may discover that sanctions are applicable to one or more of their clients, existing or new. The Proceeds of Crime Law, the Money Laundering Regulations and the Terrorism Law, 2008 will then require the filing of a Suspicious Activity Report to the Financial Reporting Authority.

 

International Sanctions

A number of international sanctions, including freezing orders in relation to individuals identified as terrorist financers, are communicated, most commonly by the UN and EU against:

AL-QA'IDA AND TALIBAN
TERRORISM more generally, and
INTERNATIONAL CRIMINAL TRIBUNAL (ICTY) FOR FORMER YUGOSLAVIA/MOSTAR

Below is the link to the UN Consolidated list which includes any updates to the list as they are made.

UN 1267 Committee List 

Below is the link to the list of those subject to freezing of funds and economic resources in support of ICTY under Council Regulation No. 1763/2004 again any updates are included.

EU Measures in Support of ICTY

 
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