The Isle of Man Treasury issued an Iraq sanctions update publicising the removal of one individual from the sanctions regime and confirming that any related frozen assets must now be unfrozen for financial sanctions purposes under Manx law. The removal follows a 9 December 2025 update to the United Nations Security Council’s UN Consolidated List. The entry removed is IQi.074 (Munir Al Qubaysi, also known as Munir Al-Kubaysi and other variants), which is no longer subject to an asset freeze. Firms are required to check whether they hold any assets owned by the individual (directly or indirectly) and unfreeze them for financial sanctions purposes, while noting that other regulatory obligations (including other jurisdictions’ sanctions) may still justify maintaining a freeze and should be documented. No report is required to be made in relation to unfreezing.
The Treasury (Isle of Man) 2025-12-10
Isle of Man Treasury publicises removal of Munir Al Qubaysi from the Iraq sanctions asset freeze
The Isle of Man Treasury announced the removal of Munir Al Qubaysi from its Iraq sanctions regime, following an update to the United Nations Security Council’s UN Consolidated List. Firms must unfreeze any assets linked to Al Qubaysi for financial sanctions purposes under Manx law, while considering other regulatory obligations that may justify maintaining a freeze. No reporting is required for the unfreezing process.