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Advisory Warning No. 7 of 2017 - The Democratic People's Republic of Korea (Sanctions) (Overseas Territories) (Amendment) Order 2017 (12 April 2017)

ADVISORY WARNING

 

The Democratic People's Republic of Korea (Sanctions) (Overseas Territories) (Amendment) Order 2017

(U.K.S.I. 2017 No. 320)

 

The British Virgin Islands Financial Services Commission (the “FSC”) is advising the public that on 5th April 2017, The Democratic People's Republic of Korea (Sanctions) (Overseas Territories) (Amendment) Order 2017 (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 Democratic People's Republic of Korea (Sanctions) (Overseas Territories) Order 2012 (the “Principal Order”).

AND NOTICE IS FURTHER GIVEN that this Order amends the Democratic People’s Republic of Korea (Sanctions) (Overseas Territories) Order 2012.

United Nations and European Union sanctions against the Democratic People’s Republic of Korea are given effect in specified Overseas Territories in the Democratic People’s Republic of Korea (Sanctions) (Overseas Territories) Order 2012 (S.I. 2012/3066), as amended. This Order makes amendments to implement sanctions most recently adopted by the United Nations Security Council in resolution 2321 (2016) and reflected in Council Decision (CFSP) 2017/345 of 27 February 2017 amending Council Decision 2016/849/CFSP and Council Regulation 2017/330 amending Council Regulation (EC) No 329/2007.

The United Nations Security Council Resolution 2321 (2016) may be viewed in its entirety at the following URL:

http://www.un.org/en/ga/search/view_doc.asp?symbol=S/RES/2321(2016)

Council Decision (CFSP) 2017/345 of 27 February 2017 amending Decision (CFSP) 2016/849 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32017D0345

Council Decision (CFSP) 2016/849 of 27 May 2016 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32016D0849

Council Regulation (EU) 2017/330 of 27 February 2017 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2017.050.01.0001.01.ENG

The European Union in Council Regulation (EC) 329/2007 of 27th March, 2007 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2007:088:0001:0011:en:PDF    

The Democratic People's Republic of Korea (Sanctions) (Overseas Territories) (Amendment) Order 2017 may be viewed in its entirety at the following URL:

http://www.legislation.gov.uk/uksi/2017/320/contents/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=overseas%20territories

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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