The Sanctions and Asset-Freezing (Jersey) Law 2019 (SAFL) came in to force on 19 July 2019. More detailed information on the changes introduced by SAFL can be found in the report attached to the Proposition that was lodged au Greffe on 23 October 2018.
The Minister for External Relations (the Minister) introduced SAFL to ensure that Jersey would be able to implement UK sanctions that would come into effect under the Sanctions and Anti-Money Laundering Act 2018 (SAMLA) when the UK leaves the EU.
Implements all UK sanctions regulations made under SAMLA
Repeals and replaces the Sanctions and Asset-Freezing (Implementation of EU Regulations) (Jersey) Order 2020
Repeals and replaces the Sanctions and Asset-Freezing (UK Human Rights Designations) (Jersey) Order 2020 and incorporates its effects
Repeals and replaces the Sanctions and Asset-Freezing (Designation of Lugovoy and Kovtun) (Jersey) Order 2020 and incorporates its effects.
Alongside the UK Regulations, the Jersey Order still implements four EU Regulations that prohibit the satisfaction of claims affected by UN Security Council Resolutions passed between 1990 and 1994 in relation to Iraq, Libya, Haiti and Serbia and Montenegro. Those EU Regulations have not been implemented by the UK under its own sanctions legislation and have instead been retained in EU legislation.
Where any of the UK Regulations require an asset-freeze, the Jersey Order imposes the standard asset-freeze under Part 3 of SAFL.
All UN, UK and EU terrorist asset-freezing designations will continue to be implemented in Jersey, however, there will be a further legislative change in 2021 following which EU terrorist asset-freezing designations will no longer be automatically implemented. Currently, however, you must continue to comply with all UN, EU, and UK asset-freeze designations.
Industry: licences and breaches
Existing sanctions licences that were issued under sanctions Orders made under the European Union Legislation (Implementation) (Jersey) Law 2014 Law remain valid. However, if these Orders are revoked and replaced with new Orders implementing UK sanctions regulations made under SAMLA existing licences may need to be amended or replaced.
New licence applications in respect of an asset-freeze, can be made in the usual way by completing the Asset-Freeze Licence Application form. Once completed the form should be returned to firstname.lastname@example.org.