NEW SANCTIONS REPORTING OBLIGATIONS IN ANGUILLA, BERMUDA, BVI AND CAYMAN ISLANDS

A briefing from Harneys on 28^th November said that on 7^th 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/

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 View all posts by raytodd2017