The Isle of Man Treasury issued a financial sanctions notice publicising the amendment of one entry under the Venezuela sanctions regime, following an update to the UK sanctions list by the Foreign, Commonwealth and Development Office. The amended entry remains subject to an asset freeze. The change relates to General Domingo Antonio Hernández Lárez (UK Sanctions List Ref: VEN0041), designated under the Venezuela (Sanctions) (EU Exit) Regulations 2019 as applied in the Isle of Man by the Sanctions (Implementation of UK Sanctions) Regulations 2024. The notice reiterates that where a person or entity matches a UK-listed designation and an institution holds or deals with their funds or economic resources, assets must be frozen immediately, dealings prohibited unless covered by an exemption or licence, and frozen assets and suspected breaches or blocked transactions reported to the Financial Intelligence Unit, including where ownership or control links bring a corporate entity within scope.
The Treasury (Isle of Man) 2025-01-17
Isle of Man Treasury publicises amendment to UK Venezuela sanctions entry for Domingo Antonio Hernández Lárez
The Isle of Man Treasury announced an amendment to the Venezuela sanctions regime, updating one entry following changes to the UK sanctions list. General Domingo Antonio Hernández Lárez remains subject to an asset freeze under the Venezuela (Sanctions) (EU Exit) Regulations 2019. Institutions must freeze assets immediately and report suspected breaches to the Financial Intelligence Unit.