ISLE OF MAN AND THE UK GLOBAL HUMAN RIGHTS SANCTIONS

On 7 July, a news release advised that the new UK sanctions regime that came into effect on 6 July did not automatically extend to the Isle of Man, but would be extended to the Island in due course (a suitable application order would be required to make it part of Manx law, with any appropriate amendments).  In the meantime, the legislation and the requirements do not apply to Island businesses and persons – except to the extent that, as UK nationals or UK persons (e.g. a UK-registered company) are caught by the new regime’s extraterritorial reach (see the guidance from HM Treasury and the FCO for details).

https://www.gov.im/news/2020/jul/07/financial-sanctions-global-human-rights/

 

 

 

 

 

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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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