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Jersey sanctions [SAFL] changed - check now

08/06/2022

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

JERSEY SANCTIONS

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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.  

news disclaimer -

As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.