Isle of Man's Treasury published an update to the Global Human Rights sanctions regime, publicising that a single entry on the UK Sanctions List and Consolidated List has been amended and remains subject to an asset freeze in the Isle of Man. The amended entry relates to Andrey Konstantinovich Lugovoy (UK Sanctions List reference GHR0084), with updated identifying information including non-Latin script name, date(s) of birth and other personal details. The notice reiterates that the Global Human Rights Sanctions Regulations 2020 apply in the Isle of Man through the Sanctions (Implementation of UK Sanctions) Regulations 2024, and sets out compliance expectations including immediate freezing of assets for matches, avoiding false positives through list checks, not making funds or economic resources available without an exemption or licence, and reporting frozen assets and suspected breaches or blocked transactions to the Financial Intelligence Unit, including where entities are owned or controlled by a designated person.
The Treasury (Isle of Man) 2025-03-19
Isle of Man's Treasury amends the Global Human Rights sanctions listing for Andrey Lugovoy while maintaining the asset freeze
The Treasury of the Isle of Man updated the Global Human Rights sanctions regime, amending a single entry on the UK Sanctions List and Consolidated List, which remains subject to an asset freeze. The update pertains to Andrey Konstantinovich Lugovoy, with revised identifying details. Compliance expectations include immediate asset freezing, avoiding false positives, and reporting to the Financial Intelligence Unit.