Financial Sanctions Notice Iraq 10 December 2025

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Introduction 

1. The Iraq (Sanctions) (EU Exit) Regulations 2020 (the 'UK Regulations') were made under the Sanctions and Anti-Money Laundering Act 2018 and provide for the imposition of financial sanctions, including the freezing of funds and economic resources of persons involved in the former Government of Iraq and its state bodies, corporations or agencies.

​2. On 10 December 2025 the Foreign, Commonwealth and Development Office updated the UK Sanctions List to reflect changes to those persons designated under the UK Regulations. A link to the UK Sanctions List can be found below.

3. This follows an update to the United Nations Security Council (UNSC) 1518 Sanctions List made on 9 December to delist 1 entry.

4. The Sanctions and Asset-Freezing (Implementation of External Sanctions) (Jersey) Order 2021, made under the Sanctions and Asset-Freezing (Jersey) Law 2019 ('SAFL'), links to the UK Regulations.

5. Any changes to asset-freeze designations made under the UK Regulations are effective immediately by virtue of the ambulatory provisions in Jersey's sanctions legislation.

6. An asset freeze no longer applies to the person listed in the Annex to this Notice under Part 3 of SAFL.

Notice summary

7. The following entry has been removed and is no longer subject to an asset freeze:

•  Munir AL QUBAYSI (UK Consilidated Group ID: 8278)

Further information ​

8. Find guidance on unfreezing assets for delisted persons or entities.

9. Further information on sanctions can be found on Government of Jersey and Jersey Financial Services Commission (JFSC) websites.

10. Jersey guidance on the Iraq sanctions regime is available at JFSC Sanctions by country and category.

11. A copy of the UK Regulations can be obtained from legislation.gov.uk. Other relevant information about this regime can be found on financial sanctions targets by regime on GOV.UK. .

12. Further details on the UN measures in respect of Iraq can be found on the relevant UN Sanctions Committee webpage.

13. The UK Sanctions List on GOV.UK.

14. The UK Office of Financial Sanctions Implementation Consolidated List on GOV.UK.

15. The UNSC 1518 Sanctions List.

16. The UNSC Consolidated List.

Enquiries 

17. Non-media enquiries, sanctions compliance reporting, and licence applications should be emailed to the Financial Sanctions Implementation Unit at sanctions@gov.je. 

Annex

18. Annex to Financial Sanctions Notice Iraq 10 December 2025​

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