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The Ukraine (Sanctions) (Overseas Territories) (No. 2) Order 2014 - Advisory Warning No. 2 of 2014 (6 May 2014)

Advisory Warning No. 2 of 2014

6 May, 2014

ADVISORY WARNING

 THE UKRAINE (SANCTIONS) (OVERSEAS TERRITORIES) (No. 2) ORDER 2014

(U.K.S.I. 2014 No. 1100)

 

Tortola, British Virgin Islands – 6 May 2014 - The British Virgin Islands Financial Services Commission (the “FSC”) is advising the public that on 28 March, 2014, The Ukraine (Sanctions) (Overseas Territories) (No. 2) Order 2014 was ratified and extended to the Territory.

NOTICE IS HEREBY GIVEN that this Order has been extended to the Territory by virtue of Schedule 1 to the Order.

AND NOTICE IS FURTHER GIVEN that this order freezes in specified Overseas Territories the assets of persons who have been identified as responsible for misappropriation of Ukrainian State Funds. This Order corresponds to a sanctions regime to be adopted by the European Union.

On 5 March 2014, the Council adopted Decision 2014/119 CFSP which provides for the freezing of funds and economic resources for certain persons identified as responsible for the misappropriation of Ukrainian State Funds and persons responsible for the human rights violations in Ukraine, and natural and legal person, entities or bodies associated with them, with a view to consolidating and supporting the rule of law and respect for human rights in Ukraine. Those persons, entities and bodies are listed in the Annex to that Decision.

 

This Order revokes and replaces The Ukraine (Sanctions) (Overseas Territories) Order 2014

[U.K.S.I. 2014/497]

 

The European Union in Council Decision 2014/119 CFSP of 5th March, 2014 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2014:066:0026:0030:EN:PDF

The Ukraine (Sanctions) (Overseas Territories) (No. 2) Order 2014 [U.K.S.I. 2014 No. 1100] may be viewed in its entirety at the following URL:

http://www.legislation.gov.uk/uksi/2014/1100/made

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British Virgin Islands Financial Services Commission


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