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The Guinea (Sanctions) (Overseas Territories) Order 2013 - Advisory Warning No. 13 of 2014 (13 August 2014)

Advisory Warning No. 13 of 2014

13 August, 2014

ADVISORY WARNING

 

The Guinea (Sanctions) (Overseas Territories) Order 2013

(U.K.S.I. 2013 No. 244)

 

Tortola, British Virgin Islands – 13 August 2014 The British Virgin Islands Financial Services Commission (the “FSC”) is advising the public that on 12th February 2013, The Guinea (Sanctions) (Overseas Territories) Order 2013 (the “Order”) 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 gives effect in specified Overseas Territories to sanctions in respect of the Republic of Guinea adopted by the European Union in Council Decision 2010/638/CFSP, as amended. This Order corresponds to a sanctions regime to be adopted by the European Union.

The main provisions of the sanctions in respect of the Republic of Guinea as reflected in this Order are: a prohibition in respect of the sale or supply to Guinea of arms and related materiel, and equipment which might be used for internal repression; a prohibition on the supply of technical assistance, training, financial and other specified forms of assistance; a freezing of funds and economic resources owned or controlled by persons or entities identified as responsible for violent repression in the Republic of Guinea on 28th September 2009; and a prohibition on making funds and economic resources available to such designated persons or entities.

The European Union in Council Decision 2010/638 CFSP of 25th October, 2010 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2010:280:0010:0017:EN:PDF

The Guinea (Sanctions) (Overseas Territories) Order 2013 may be viewed in its entirety at the following URL:

http://www.legislation.gov.uk/uksi/2013/244/contents/made

 

 

 

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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