Online e-Filing Portal
The International Sanctions (Mali) Amendment Regulations 2017 The above Regulation has been made and published and came into force on 13 December 2017 and brings the Mali (Sanctions) (Overseas Territories) Order 2017 (“the Order”) into force in Bermuda. The Order can be found here.
The Order gives effect to the sanctions regime created by the United Nations Security Council in resolution 2374 (2017) adopted on 5 September 2017, and reflects the implementation of these sanctions by the European Union in Council Decision 2017/1775 and Council Regulation (EU) 2017/1770, adopted on 28 September 2017.
The sanctions imposed include an asset freeze on persons and entities designated by the relevant United Nations Sanctions Committee as person responsible for or complicit in, or having engaged in, directly or indirectly, actions or policies that threaten the peace, security, or stability of Mali. They also include a travel ban in respect of designated individuals.
The International Sanctions (Policing and Crime Act) Amendment Regulations 2017 The above Regulation has been made and published and came into force on 4 December 2017 and brings the Policing and Crime Act (Financial Sanctions) (Overseas Territories) Order 2017 (“the Order”) into force in Bermuda. The Order can be found here.
Under section 152(1) of the Policing and Crime Act 2017 (“the Act”), the Treasury has the power, by regulations, to create a temporary financial sanctions regime to implement a financial sanctions regime imposed by a new United Nations (“UN”) Security Council Resolution. Any such regulations must cease to have effect either when the EU implements the UN financial sanctions, or after the end of a default period.
Section 156 of the Act enables these temporary regime measures and temporary deemed designation to be extended to the British overseas territories. The Policing and Crime Act (Financial Sanctions) (Overseas Territories) Order 2017 provides for them to be extended to the British Overseas specified in the Schedule to Order, with certain modifications.