1. The Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (the “UK Regulations”) provide for the freezing of funds and economic resources of certain persons, entities or bodies reasonably suspected of involvement in conduct enabling or facilitating the disappearances of four people or the failure to investigate properly or institute criminal proceedings against the persons responsible for those disappearances; the commission of serious human rights violations in Belarus; the repression of civil society or democratic opposition in Belarus; or other actions, policies or activities which undermine democracy or the rule of law in Belarus.
2. The Sanctions and Asset-Freezing (Implementation of External Sanctions) (Jersey) Order 2021 (the “Order”), made under the Sanctions and Asset-Freezing (Jersey) Law 2019 (“SAFL”), links to the UK Regulations.
3. Any asset-freeze designations made under the UK Regulations are effective immediately by virtue of the ambulatory provisions in Jersey’s sanctions legislation.
4. An asset freeze now applies to the persons listed in the Annex to this Notice under Part 3 of SAFL.
Notice summary (Full details are provided in the Annex to this Notice)
5. The following designations been made and are now subject to an asset freeze:
- Mikhail Safarbekovich GUTSERIEV
6. The following entries have been amended and remain subject to an asset freeze:
What you must do
7. You must:
- check whether you maintain any accounts or hold any funds or economic resources for the persons set out in the Annex to this Notice.
- freeze such accounts, and other funds or economic resources.
- refrain from dealing with the funds or assets or making them available (directly or indirectly) to such persons unless licensed by the Minister for External Relations and Financial Services (“MERFS”).
- report any findings to MERFS, together with any additional information that would facilitate compliance with SAFL.
- provide any information concerning the frozen assets of designated persons that MERFS may request. Information reported to MERFS may be passed on to other regulatory authorities or law enforcement.
8. Failure to comply with sanctions legislation or to seek to circumvent its provisions is a criminal offence.
9. Further information on sanctions can be found on the Government of Jersey website
and the Jersey Financial Services Commission (JFSC) website
10. Jersey guidance on the Belarus sanctions regime is available on JFSC website
11. Copies of Jersey sanctions legislation, including the Order
, can be found on the Jersey Legal Information Board website.
12. A copy of the UK Regulations can be obtained from legislation.gov.uk
and other relevant information about this regime can be found on gov.uk
13. A copy of the UK sanctions list can be found here
14. A copy of the OFSI consolidated list can be found here.
15. Non-media enquiries, suspected breach reports and licence applications should be addressed to:
Head of International Compliance
Office of the Chief Executive
Annex to Notice
16. Full details can be found here