A briefing from Harneys on 28th November said that on 7th November, the “AIP Order”, a UK order-in-council came into force. The AIP Order brings the rump of UK Overseas Territories into line with the equivalent regime under UK domestic legislation: financial institutions and professionals must now disclose any knowledge and suspicion of sanctions breaches and asset freezing measures imposed or face criminal penalty.
https://www.harneys.com/insights/new-sanctions-reporting-obligations-in-anguilla-bermuda-bvi-and-cayman/
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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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