The Isle of Man Treasury issued a sanctions notice highlighting that the UK Foreign, Commonwealth and Development Office updated the UK Sanctions List on 2 February 2026 by adding eleven entries under the Iran sanctions regime, which are now subject to an asset freeze. In the Isle of Man, the Iran (Sanctions) Regulations 2023 have effect via the Sanctions (Implementation of UK Sanctions) Regulations 2024 made under the Sanctions Act 2024, and the regime also provides for trade and immigration sanctions. Where a sanctions compliance programme identifies a possible match and the institution holds or deals with funds or economic resources of the person, assets must be frozen immediately, the information held should be reviewed to confirm a true match or false positive, and confirmed matches must not be dealt with or made available absent a legal exemption or licence; frozen assets and suspected breaches or blocked attempted transactions must be reported to the Financial Intelligence Unit, and ownership or control links must also be considered. The notice points readers to an annex for details of the new entries and to the Financial Sanctions General Guidance for handling false positives and delistings.

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