NECC Red Alert 03 July 2025

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1. On 02 July 2025, UK authorities published a 'Red Alert' notice on the Shadow Fleet Sanctions Evasion and Avoidance Network.

2. The JMLIT+ Red Alert is jointly issued by the National Crime Agency (NCA), Office of Financial Sanctions Implementation (OFSI), and Foreign Commonwealth & Development Office (FCDO) and provides information to assist financial institutions in identifying potential sanctions evasion in relation to the sale of Russian oil and gas.

3. The notice details how Russian oil trading companies are utilising a complex network of companies to evade sanctions whilst accessing Western finance and professional services in order to continue to fund the Russian state.

4. Red flag indicators include:

• Companies with limited trading history very quickly trading large volumes of oil

• Limited information on ownership, directors or beneficiaries

• Multiple transfers between obscure companies

• Companies registered or operating in known jurisdictions of high risk, including those where shadow fleet entities are known to operate

• The companies often have a limited online presence with no company website or contact information. If a website does exist, generally it will contain generic stock photos, and no details on the individuals operating the company

5. Find full details in the Red ALERT: Shadow Fleet Sanctions Evasion and Avoidance Network.

6. Any suspected breach of sanctions should be reported to the Minister for External Relations at sanctions@gov.je using the sanctions compliance reporting form.

7. These reporting obligations are in addition to the obligation to report suspicious activities to the Financial Intelligence Unit Jersey.

Further information

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

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

10. 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.

11. The UK Sanctions List on GOV.UK.

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

Enquiries 

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

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