News

The Yemen (Sanctions) (Overseas Territories) Order 2015 - Advisory Warning No. 3 of 2015 (16 December 2015)


Advisory Warning No. 3 of 2015

16 December, 2015

ADVISORY WARNING

 

The Yemen (Sanctions) (Overseas Territories) Order 2015

(U.K.S.I. 2015 No. 218)

 

The British Virgin Islands Financial Services Commission (the “FSC”) is advising the public that on 11th March 2015, The Yemen (Sanctions) (Overseas Territories) Order 2015 (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 imposed on Yemen by United Nations Security Council resolution 2140 (2014) of 26th February 2014, and the designation by the United Nations Sanctions Committee on 7th November 2014 of three individuals for sanctions under this resolution. This Order also reflects the implementation of these sanctions by the European Union in Council Decision 2014/932/CFSP adopted on 18th December 2014.

The sanctions impose an asset freeze against individuals and entities designated by the United Nations Sanctions Committee as engaging in, or providing support for, acts that threaten the peace, security or stability of Yemen. The Order makes provision for the Governor to license certain activities in line with exemptions under the sanctions regime.

The United Nations Security Council Resolution 2140 (2014) may be viewed in its entirety at the following URL:

http://www.un.org/en/ga/search/view_doc.asp?symbol=S/RES/2140%282014%29

The European Union in Council Decision 2014/932 CFSP of 18th December, 2014 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32014D0932&rid=1

The Yemen (Sanctions) (Overseas Territories) Order 2015 may be viewed in its entirety at the following URL:

http://www.legislation.gov.uk/uksi/2015/218/made

Additional Links of Interest:

Consolidated list of financial sanctions targets in the UK – this link updates automatically as new Orders are ratified and extended to the Overseas Territories:

http://hmt-sanctions.s3.amazonaws.com/sanctionsconlist.pdf

List of all Sanctions Orders still enforced and extended to the Overseas Territories: 

http://www.legislation.gov.uk/all?title=sanctions

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