Amendments to Jersey's sanctions regime
On 1 January, the UK stopped following the EU sanctions regime and introduced new UK regulations. Jersey will keep alignment with the UK and will implement the new UK sanction regulations.
On 29 January 2021, the Minister for External Relations made the Sanctions and Asset-Freezing (Implementation of External Sanctions) (Jersey) Order 2021 which comes into force on 12 February 2021. From this date, Jersey will give effect to United Nations Security Council Resolutions and autonomous UK sanctions regimes and will continue to implement all UNSC, UK, and EU terrorist asset-freeze designations.
The Financial Sanctions Notice: Sanctions and Asset-Freezing (Implementation of External Sanctions) (Jersey) Order 2021 29 January 2021 has more information about what will change and what you need to do.
We have updated the Sanctions section of our website following the United Nations (Revocations) Order 2020. The EU sanctions Regulations remain in place and implement the same sanctions, so this update causes little impact.
We are hosting a webinar on these changes on 3 March 2021. More information on this, including how to register will be shared two weeks before the webinar.