Jersey sanctions [SAFL] changed - check now

Jersey's Minister for External Relations has signed an order bringing the Sanctions and Asset-Freezing (Amendment No. 2) (Jersey) Law 2022 into force with effect from tomorrow (Wednesday 8 June 2022).

This amendment makes a number of technical changes to the Sanctions and Asset-Freezing (Jersey) Law 2019, so anyone in compliance / sanctions / financial crime in Jersey needs to take a careful look.

Also note that the consolidated version of the Law has not yet been published so you will need to manually compare the Law and Amendment side-by-side.

SANCTIONS AND ASSET-FREEZING (AMENDMENT No. 2) (JERSEY) LAW 2022

Article

• Amendment of the Sanctions and Asset-Freezing (Jersey) Law 2019
• Article 1 (interpretation) amended
• Article 2 (meaning of “financial services”, “funds”, “economic resources” and related expressions) amended
• Article 2A (meaning of “owned”, “held”, “controlled”, “directly” and “indirectly”) and Schedule 2 (rules for interpretation of Article 2A) inserted
• Article 3 (implementation of UK and EU sanctions provisions through Orders) amended
• Article 5 (general provisions Orders) amended
• Article 15 (exceptions) amended
• Article 16 (licences) amended
• Article 18 (meaning of “terrorism” and related terms) amended
• Article 19 (designation by virtue of UK, EU or UN listing related to terrorism) amended
• Article 20 (power of Minister to make interim terrorism designation) amended
• Article 22 (power of Minister to make final terrorism designation) amended
• Article 29 (interim designation of UN-listed person when UNSCR is implemented by UK or EU) amended
• Article 32 (reporting obligations of relevant financial institutions and statutory authorities) amended
• Article 36 (general power to disclose information) amended
• Article 37A (publication of procedures and memorandum of understanding) inserted
• Article 43A (requests for assistance with UN de-listing) inserted
• Articles 45A (request from or to another country for terrorism designation) and 45B (request to UN for terrorism designation) inserted
• Article 46A (civil immunity) inserted
• Article 48 (savings, transitional and consequential provisions) amended

https://www.jerseylaw.je/laws/enacted/Pages/L-13-2022.aspx