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British OT Sanctions Orders in Force/Legislative Framework
As a British Overseas Territory the Virgin Islands must implement all UK sanctions regulations which have been made and modified under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act), and have been extended to the VI by the UK government in the form of new Overseas Territories (OT) Sanctions Orders.
These Sanctions Orders provide for the legislative framework which enables the relevant authorities to take the necessary action to, among other things, freeze the funds/assets of designated persons and entities. Failure to comply with restrictions and prohibitions in relation to sanctions imposed under the relevant Sanctions Orders applicable to the VI constitutes an offence that may result in the imposition of penalties or imprisonment when a conviction is secured.
SANCTIONS ORDERS IN FORCEREGIME | S.I. No | Order in Council | Date Made | Date Laid | Date in Force |
---|---|---|---|---|---|
OTHER OVERSEAS TERRITORIES ORDERS | 2002 No. 1822 | The Anti-terrorism (Financial and Other Measures) (Overseas Territories) Order 2002 | 07/16/2002 | 07/26/2002 | 1 Aug 2002 - 00:00 |
OTHER OVERSEAS TERRITORIES ORDERS | 2001 No. 3366 | The Terrorism (United Nations Measures) (Overseas Territories) Order 2001 | 10/09/2001 | 10/09/2001 | 10 Oct 2001 - 00:00 |