ISLE OF MAN: NEW UK REGULATIONS CONCERNED WITH SANCTIONS MEASURES COME INTO OPERATION FROM 11 PM ON 31 DECEMBER

A news release from the Isle of Man on 23 November advised that the sitting of the Island’s parliament, the Tynwald, on 17 November  approved regulations applying UK Statutory Instruments made under the Sanctions and Anti-Money Laundering Act 2018 (of Parliament) in relation to sanctions measures were approved and will come into operation at 11pm on 31 December.  The various regulations will replace EU Sanctions Regulations which currently have effect in the Island from 11pm on 31 December and are deemed necessary to keep the Island’s sanctions law in line with the UK when the Brexit transition period ends.

https://www.gov.im/news/2020/nov/23/new-regulations-applying-uk-regulations-concerned-with-sanctions-measures-coming-into-operation-from-11pm-on-31-december-2020/

The revised general guidance is at –

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

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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