This news release is issued to publicise the addition of 1 entry to the Yemen sanctions regime.
The Yemen (Sanctions) (EU Exit) (No.2) Regulations 2020 (S.I. 2020/1278) 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, stability or security of Yemen. The Yemen (Sanctions) (EU Exit) (No.2) Regulations 2020 have effect in the Isle of Man by the Yemen Sanctions (Application) (No.2) Regulations 2020 [S.D. 2020/0539].
On 27 February 2024 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 are now subject to an asset freeze:
Individual
- AL-HOUTHI, Ali Hussein Badr Al Din
k.a: AL-HUTHI, Ali, Husayn Other Information: (UK Sanctions List Ref): YEM0018. (UK Statement of Reasons): Ali Hussein Badr Al Din AL-HOUTHI, in his role as Houthi Undersecretary of the Interior and commander of the Houthi security / police forces, and as a senior member of the Al-Houthi family and the Ansar Allah (‘the Houthis’) group, is or has been involved in acts which threaten the peace, security or stability of Yemen, namely providing support for or promoting attacks against shipping in the Red Sea. Listed on: 27/02/2024 UK Sanctions List Date Designated: 27/02/2024 Last Updated: 27/02/2024 Group ID: 16362
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 Yemen can be found on the relevant UN Sanctions Committee webpage.
Further details of the sanctions regime related to Yemen and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.
