News

Freezing of Assets Held By Designated Persons and Entities Subject to the Egypt (Restrictive Measures) (Overseas Territories) Order 2011 - Advisory Warning No. 13 of 2011 (17 October, 2011)

Advisory Warning No. 13 of 2011
 
 
17 October, 2011
 
 
ADVISORY WARNING
 
FREEZING OF ASSETS HELD BY DESIGNATED PERSONS AND ENTITIES SUBJECT TO THE EGYPT (RESTRICTIVE MEASURES) (OVERSEAS TERRITORIES) ORDER 2011
 
Tortola, British Virgin Islands – 17 October, 2011 –The British Virgin Islands Financial Services Commission (the “FSC”) wishes to advise the general public, including all regulated and other persons that they are required to comply with the requirements of The Egypt (Restrictive Measures) (Overseas Territories) Order 2011 (the “Order”).
 
The Order came into force on 15 July 2011, and was made as a result of the European Union in Council Decision 2011/172/CFSP on 21 March 2011, and implemented in the European Union Council Regulation (EU) No. 270/2011 adopted on 21 March 2011, which provides for the freezing of funds and economic resources of certain persons having been identified as responsible for the misappropriation of Egyptian funds, and natural or legal person, entities or bodies associated with them, who are thus depriving the Egyptian people of the benefits of the sustainable development of their economy and society and undermining the development of democracy in Egypt. The measures in the Order include a prohibition on making available funds, financial assets or economic resources to designated persons and entities and the freezing of their funds, financial assets or economic resources. The Order is extended to the Virgin Islands by virtue of Schedules 1 of the Order.
 
The full list of designated persons to which the Order applies is reproduced below:
 
Annex I to European Union in Council Decision 2011/172/CFSP, Council Regulation (EU) No. 270/2011
 
Asset freeze - Individuals
 
1.      Mohamed Hosni Elsayed Mubarak
Date of birth: 4 May 1928.
Former President of the Arab Republic of Egypt; Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
 
2.      Suzanne Saleh Thabet
Date of birth: 28 February 1941.
Spouse of Mr. Mohamed Hosni Elsayed Mubarak, Former President of the Arab Republic of Egypt. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
     
3.      Alaa Mohamed Hosni Elsayed Mubarak
Date of birth: 26 November 1960.
Son of Mr. Mohamed Hosni Elsayed Mubarak, former President of the Arab Republic of Egypt. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
 
4.      Heidy Mahmoud Magdy Hussein Rasekh
Date of birth: 5 October 1971.
Spouse of Mr. Alaa Mohamed Hosni Elsayed Mubarak, son of former President of the Arad Republic of Egypt. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
 
5.      Gamal Mohamed Hosni Elsayed Mubarak
Date of birth: 28 December 1963.
Son of Mr. Mohamed Hosni Elsayed Mubarak, former President of the Arab Republic of Egypt. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
6.      Khadiga Mohamed El Gammal
Date of birth: 13 October 1982
Spouse of Mr. Gamal Mohamed Hosni Elsayed Mubarak, son of former President of the Arad Republic of Egypt. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
 
7.      Ahmed Abdelaziz Ezz
Date of birth: 12 January 1959
Former Member of Parliament. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
 
8.      Abla Mohamed Fawzi Ali Ahmed
Date of birth: 31 January 1963
Spouse of Mr. Ahmed Abdelaziz Ezz. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
 
9.      Khadiga Ahmed Ahmed Kamel Yassin
Date of birth: 25 May 1959
Spouse of Mr. Ahmed Abdelaziz Ezz. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
 
10. Shahinaz Abdel Aziz Abdel Wahab Al Naggar
Date of birth: 9 October 1969
Spouse of Mr. Ahmed Abdelaziz Ezz. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
 
11. Ahmed Alaeldin Amin Abdelmaksoud Elmaghraby
Date of birth: 16 May 1945
Former Minister of Housing, Public Utilities and Urban Development. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
 
12. Naglaa Abdallah El Gazaerly
Date of birth: 3 June 1956
Spouse of Mr. Ahmed Alaeldin Amin Abdelmaksoud Elmaghraby. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
 
 
13. Rachid Mohamed Rachid Hussein
Date of birth: 9 February 1955
Former Minister of Trade and Industry. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
 
14. Hania Mahmoud Abdel Rahman Fahmy
Date of birth5 July 1959
Spouse of Mr. Rachid Mohamed Rachid Hussein. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
 
15. Mohamed Zohir Mohamed Wahed Garrana
Date of birth: 20 February 1959
Former Minister of Tourism. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
 
16. Jaylane Shawkat Hosni Galal Eldin
Date of birth: 8 August 1960
Spouse of Mr. Mohamed Zohir Mohamed Wahed Garrana. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
17. Amir Mohamed Zohir Mohamed Wahed Garrana
Date of birth: 21 September 1990
Son of Mr. Mohamed Zohir Mohamed Wahed Garrana. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
 
18. Habib Ibrahim Habib Eladli
Date of birth: 1 March 1938
Former Minister of Interior. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
 
19. Elham Sayed Salem Sharshar
Date of birth: 23 January 1963
Spouse of Mr. Habib Ibrahim Eladli. Person subject to judicial proceedings by the Egyptian authorities in respect of the misappropriation of State Funds on the basis of the United Nations Convention against corruption.
Posted in: Advisory Warnings
Actions: E-mail | Permalink |

Contact Information

British Virgin Islands Financial Services Commission

Pasea Estate
P.O. Box 418
Road Town, Tortola, VG 1110
British Virgin Islands

Tel: 284-494-1324 or 284-494-4190 GMT – 4:00
Fax: 284-494-5016
Hours: Monday-Friday 8:30a.m. - 4:30p.m.
commissioner@bvifsc.vg