This news release is issued to publicise the addition of 1 entry to the Mali sanctions regime.
The Mali (Sanctions) (EU Exit) Regulations 2020 (S.I. 2020/705) were made under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act) and provide for the freezing of funds and economic resources of certain persons, entities or bodies that threaten the peace, security, or stability of Mali. The Mali (Sanctions) (EU Exit) Regulations 2020 have effect in the Isle of Man by the Mali Sanctions (Application) Regulations 2020 [S.D. 2020/0450].
On 20 July 2023 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.
Addition
The following entry has been added to the Consolidated List and is now subject to an asset freeze:
- MASLOV, Ivan Aleksandrovitch
DOB: (1) 07/11/1982 (2) 01/03/1980 Nationality: Russia Position: Head of Wagner Group in Mali Other Information: (UK Sanctions List Ref):MAL0011. (UK Statement of Reasons):As head of the Wagner Group in Mali, Ivan Aleksandrovitch Maslov (MASLOV) is an involved person under the Mali (Sanctions) (EU Exit) Regulations 2020 because he has been involved in the commission of violations of international humanitarian law, in particular, he has been responsible for the deliberate targeting of civilians. (Gender):Male Listed on: 20/07/2023 UK Sanctions List Date Designated: 20/07/2023 Last Updated: 20/07/2023 Group ID: 16024.
What you must do
Financial institutions and other persons are required to check whether you maintain any accounts or otherwise hold funds or economic resources for, or provide financial services to, designated individuals. If so, you must freeze such accounts or other funds and, unless licensed by the Treasury, not deal with those funds or economic resources, make those funds or economic resources available to a designated person, or make those funds or economic resources available for the benefit of a designated person. You must also report your findings to the FIU.
Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.
Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.
Further information
Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.
Further details on the UN measures in respect of Mali can be found on the relevant UN Sanctions Committee webpage.
Further details of the sanctions regime related to Mali and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.
