JERSEY: SANCTIONS AND ASSET-FREEZING LAW

On 23rd October, a news release from Jersey announced that the law just put forward –

  • would preserve Jersey’s power to impose EU sanctions and would also allow Jersey to impose UK sanctions made under the UK Sanctions and Anti-Money Laundering Act after the UK leaves the EU: meaning Jersey would retain the ability to impose the same sanctions as the UK following Brexit; and
  • would also bring together several other laws relating to the freezing of assets, including the Terrorist Asset-Freezing Law 2011 and the United Nations Financial Sanctions Law 2017.

https://www.gov.je/News/2018/Pages/SanctionsAndAssetFreezingLaw.aspx

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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