A new Jersey sanctions Order will be made by the Minister for External Relations (the "Minister") under the Sanctions and Asset-Freezing (Jersey) Law 2019 (SAFL) in the week ending 29 January, to come into force two weeks later.
The draft Sanctions and Asset-Freezing (Implementation of UK Regulations) (Jersey) Order 202- (the “draft Order”) will:
You can view all the UK sanctions regimes made under SAMLA, including the relevant regulations and guidance that have been published by the Office of Financial Sanctions Implementation (OFSI) on gov.uk. These are the regimes that will be implemented under SAFL by the draft Order.
The new UK sanctions regulations have been drafted to have substantially the same policy effect as the EU restrictive measures regulations they are replacing. However, though initially the regimes will be largely the same, there are some differences - including changes to those persons and entities subject to an asset-freeze - and it is possible that there will be increasing divergence over time.
The current list of UK asset-freeze targets has been published by OFSI on gov.uk. You can also view the OFSI Financial Sanctions Notice on changes to the Consolidated List.
The External Relations sanctions guidance on gov.je will be updated once the new Order comes into force and we will also be working with the JFSC to update its sanctions guidance.
A further Financial Sanctions Notice will be published on the Jersey Gazette once the draft Order has been made. There will then be two weeks until the new Order comes into force.
If you have an existing sanctions licence issued by the Minister, you may need to apply for a new licence. Please contact sanctions@gov.je
Non-media enquiries, reports and licence applications should be addressed to:
Head of International Compliance
External Relations
Office of the Chief Executive