Financial Sanctions Notice Syria 19 January 2021

Description

1. Council Regulation (EU) 36/2012 (the “Regulation”) concerning restrictive measures in view of the situation in Syria.

2. An asset freeze now applies to the person listed in the Annex to this Notice under Part 3 of the Sanctions and Asset-Freezing (Jersey) Law 2019 (“SAFL”).

3. The following entry has been added and is subject to an asset freeze:

• MEKDAD, Faisal

4. 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 (“MER”).
• report any findings to MER, together with any additional information that would facilitate compliance with the Regulation.
• provide any information concerning the frozen assets of designated persons that MER may request. Information reported to MER may be passed on to other regulatory authorities or law enforcement.

5. Failure to comply with sanctions legislation or to seek to circumvent its provisions is a criminal offence.

6. The Regulation is implemented in Jersey under the Sanctions and Asset-Freezing (Implementation of EU Regulations) (Jersey) Order 2020 (the “EU Regulations Order”), which was made under Articles 3 and 4 of SAFL.

7. On 15 January 2021 Council Implementing Regulation 2021/29 (the “Amending Regulation”) was published in the Official Journal of the European Union by the Council of the European Union.

8. The Amending Regulation amended Annex II to the Regulation with effect from 15 January 2021. These changes are effective immediately in Jersey by virtue of the ambulatory provisions in Jersey’s sanctions legislation.

9. A copy of the Regulation and the Amending Regulation can be obtained from the website of the Official Journal of the European Union.

10. The EU Regulations Order and SAFL, can be found on the Jersey Legal Information Board website.

11. Copies of recent Notices, certain EU Regulations and Jersey legislation can be found on the Syria sanctions page on the Jersey Financial Services Commission (“JFSC”) website.

12. Please note there are also import and export restrictions on Syria.

13. For more information on Sanctions please see the Government of Jersey webpage on sanctions and the JFSC guidance on sanctions.

14. Non-media enquiries, reports and licence applications should be addressed to:

Head of International Compliance

External Relations

Office of the Chief Executive

sanctions@gov.je

FINANCIAL SANCTIONS: SYRIA

COUNCIL IMPLEMENTING REGULATION (EU) 36/2012

AMENDING ANNEX II TO COUNCIL REGULATION (EU) 2021/29

ADDITIONS

Individuals

1. MEKDAD, Faisal

DOB: 1954 POB: Ghasm, Daraa Governorate, Syria. Position: Minister of foreign Affairs. Appointed in November 2020. Gender: male. Other information: Minister of Foreign Affairs. Appointed in November 2020. As a Government Minister, shares responsibility for the Syrian regime’s violent repression against the civilian population. Listed on: 15/01/2021.

Ministry of External Relations

19 January 2021