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Ukraine Corrigendum

Council Implementing Regulation (EU) 2015/1514 of 14 September 2015 in respect of Regulation (EU) No 269/2014, as implemented in the Bailiwick by the Territorial Integrity etc. of Ukraine (Restrictive Measures)(Guernsey) Ordinance, 2014, the Territorial Integrity etc. of Ukraine (Restrictive Measures)(Alderney) Ordinance, 2014, and the Territorial Integrity etc. of Ukraine (Restrictive Measures)(Sark) Ordinance, 2014, is subject to a Corrigendum.

The Corrigendum to the Implementing Regulation is available here:

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:JOL_2015_280_R_0012&from=EN

The Corrigendum, which is automatically effective in the Bailiwick, amends the spelling of the name of an individual subject to an asset freeze and related financial prohibitions. 

MEASURES WHICH SHOULD BE TAKEN

All businesses must check whether they maintain any accounts or otherwise have any kind of relationship with the individual referred to above or with any natural or legal person, entity or body designated under the legislation and treat any accounts, funds or economic resources belonging to, owned, held or controlled by a designated person, entity or body as frozen with immediate effect if this is not already the case. Businesses must report any findings to the Policy Council immediately. Businesses must also refrain from making any funds or economic resources available directly or indirectly to or for the benefit of any designated person, entity or body other than transactions that come within a permitted derogation and have been authorised by the Policy Council.

 The information referred to above is required by the Policy Council in the exercise of its powers under the Schedule to each of the Ordinances listed above.

Any information or queries should be sent to sanctions@gov.gg with the subject line "Ukraine".

Further information on the effect of asset freezes and related issues including licences is available on the States of Guernsey website at https://gov.gg/sanctions