Sanctions Update –  16:30pm 3rd  March 2022

Sanctions Update –  3^rd   March 2022

Russia 

The Authority has been notified that the Isle of Man Treasury has recently published new and updated information regarding the above Sanction regimes.

Department of the Treasury News Releases advising details of the updates to the above Sanctions regimes can be read on the IOM Government website (www.gov.im/news) at:

Russia

https://www.gov.im/news/2022/mar/03/sanctions-russia/

Copies of extant Treasury Sanctions Notices, are available free of charge over the Internet from the Sanctions and Export Control page on the website of the Isle of Man Treasury, Customs and Excise Division located at: https://www.gov.im/categories/tax-vat-and-your-money/customs-and-excise/sanctions-and-export-control/

Any queries regarding the above, or any Sanctions related matter should be addressed to the Isle of Man Treasury, Customs and Excise Division, Sanctions Officer  on telephone number +44 (0) 1624 648109 or by email to customs@gov.im

In light of the rapidly developing situation several changes of sanctions are now commonly occurring on a daily basis.  The Authority intends to restrict updates to a daily basis for the foreseeable future incorporating changes notified up to 1600hrs on the day of publication. 

HM Treasury operate an ‘alert’ system to provide email updates as and when changes to sanctions are introduced.  Licenceholders may consider it very prudent to avail themselves of this service if they do not already have relevant notification processes in place. 

This service can be found at   Subscribe to Office of Financial Sanctions Implementation updates