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The Liberia (Sanctions) (Overseas Territories) Order 2015 - Advisory Warning No. 11 of 2015 (16 December 2015)


Advisory Warning No. 11 of 2015

16 December, 2015

ADVISORY WARNING

 

The Liberia (Sanctions) (Overseas Territories) Order 2015

(U.K.S.I. 2015 No. 1899)

 

The British Virgin Islands Financial Services Commission (the “FSC”) is advising the public that on 10th December, 2015, The Liberia (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 Liberia by the United Nations Security Council, most recently renewed by resolution 2237 (2015) of 2nd September 2015. This Order also reflects the implementation of these sanctions by the European Union in Council Decision (CFSP) 2015/1782 and Council Regulation (EU) 2015/1776, both adopted on 5th October 2015. Council Regulation (EU) 2015/1776 repealed Council Regulation (EC) No. 872/2004 of 29th April 2004. Council Decision (CFSP) 2015/1782 amended Council Common Position 2008/109/CFSP of 12th February 2008.

This Order revokes and replaces the Liberia (Restrictive Measures) (Overseas Territories) (Amendment) Order 2012, the Liberia (Restrictive Measures) (Overseas Territories) (Amendment No. 2) Order 2007, the Liberia (Restrictive Measures) (Overseas Territories) (Amendment) Order 2007, the Liberia (Restrictive Measures) (Overseas Territories) (Amendment) Order 2004 and the Liberia (Restrictive Measures) (Overseas Territories) Order 2004.

United Nations Security Council resolution 2237 (2015) of 2nd September 2015 renewed the arms embargo against non-governmental persons in Liberia for a further period of nine months from the date of adoption of that resolution and terminated the travel and financial measures set forth in United Nations Security Council resolutions 1532 (2004) of 12th March 2004 and 1521 (2003) of 22nd December 2003.

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 2237/2015 of 2nd September 2015 may be viewed in its entirety at the following URL:

http://www.un.org/en/ga/search/view_doc.asp?symbol=S/RES/2237%282015%29

The European Union Council Decision 2015/1782 CFSP of 5th October 2015 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32015D1782&rid=1

The European Union Council Regulation 2015/1776 of 5th October 2015 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32015R1776&rid=1

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

http://www.legislation.gov.uk/uksi/2015/1899/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

 

 

 

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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