The Isle of Man Treasury issued a financial sanctions notice publicising the addition of one entity under the Counter-Terrorism (Domestic) sanctions regime, with the entry added to the UK consolidated sanctions list and subject to an asset freeze. The notice explains that the UK Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019 and Counter-Terrorism (International Sanctions) (EU Exit) Regulations 2019 apply in the Isle of Man via the Sanctions (Implementation of UK Sanctions) Regulations 2024, and that the regime can impose measures including asset freezes as well as trade, immigration and travel-ban restrictions. The designated entity is Blood and Honour (including multiple aliases), with the UK statement of reasons citing suspected involvement in terrorist activity through disseminating music that promotes and encourages terrorism, generating funds through events, and recruitment activities. Relevant institutions that suspect a match and hold or deal with funds or economic resources must freeze assets immediately, avoid making assets available unless covered by a legal exemption or licence, and report frozen assets and suspected breaches or blocked transactions to the Financial Intelligence Unit; determining whether a customer is listed also includes assessing ownership or control links, and non-compliance or circumvention is a criminal offence.
The Treasury (Isle of Man) 2025-01-08
Isle of Man Treasury publicises UK counter-terrorism sanctions listing of Blood and Honour with asset freeze
The Isle of Man Treasury added Blood and Honour to the UK sanctions list under the Counter-Terrorism (Domestic) regime, subjecting it to an asset freeze. Suspected of promoting terrorism through music and generating funds via events, institutions must freeze assets immediately if a match is suspected and report breaches to the Financial Intelligence Unit, with non-compliance constituting a criminal offence.