UPDATE: VENEZUELA – UK FINANCIAL SANCTIONS AND EXPORT CONTROL NOTICES

HM TREASURY ISSUES VENEZUELA SANCTIONS NOTICE

On 15th November, HM Treasury published a Notice re the sanctions imposed under EU Regulation 2017/2063 and involving a ban on the export of arms and equipment which might be used for internal repression, a ban on the export of surveillance equipment and the freezing of funds and economic resources of certain persons, entities and bodies responsible for serious human rights violations or abuses or the repression of civil society and democratic opposition and persons, entities and bodies whose actions, policies or activities otherwise undermine democracy or the rule of law in Venezuela, as well as persons, entities and bodies associated with them.

The Notice confirms that no persons have yet been designated under the Regulation.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/659761/HM_Treasury_Notice_15-11-2017_Venezuela.pdf

NOTICE TO EXPORTERS: VENEZUELA

Also on 15th November, the UK Export Control Joint Unit issued Notice to Exporters 2017/25.  This Notice details –

  • the fact that the UK interprets the arms embargo as applying to all items on the UK Military List;
  • the related prohibitions on the provision of technical assistance, financing and financial assistance, brokering services, and other related services
  • the prohibitions on the provision of technical assistance, financing and financial assistance, brokering services, and other related services
  • the supply of equipment, technology or software intended primarily for use in the monitoring or interception of internet or telephone communications on mobile or fixed networks, where a licence will be required
  • the fact that there is total prohibition on the provision of telecommunication or internet monitoring or interception services to Venezuela’s government or associated bodies

The Notice also refers to the financial sanctions mentioned in the HM Treasury Notice.

https://www.gov.uk/government/publications/notice-to-exporters-201725-new-eu-sanctions-against-venezuela/notice-to-exporters-201725-new-eu-sanctions-against-venezuela

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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