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Legislative Framework


In the context of the Territory, there are various instruments through which the VI implements targeted financial sanctions among which include the following:

These instruments require persons to take the necessary action to (among others) freeze the funds/assets of designated persons and entities. Failure to comply with restrictions and prohibitions in relation to sanctions imposed under the relevant UK Orders in Council applicable to the VI constitutes an offence which may result in the imposition of penalties or imprisonment when a conviction is secured.