Also laid before the March sitting of the parliament of the Isle of Man is the annual report required by section 65 of the Terrorism and Other Crime (Financial Restrictions) Act 2014.  The main purpose of the report is to detail any financial restriction orders, freezing orders and designation made for the purposes of terrorism sanctions in the previous calendar year.  However, the report also provides a useful summary of the Treasury’s powers, comments on the outcome of the MONEYVAL review of the Island in 2016, and other sanctions-related work performed by the Customs and Excise Division of the Treasury (which has responsibility for sanctions work in the Island).

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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