The Isle of Man Treasury published a notice highlighting that the UK Foreign, Commonwealth and Development Office has updated the UK Sanctions List under the Global Irregular Migration and Trafficking in Persons sanctions regime, amending one designation that remains subject to an asset freeze in the Isle of Man. The regime, which applies in the Isle of Man via domestic implementing regulations, provides for financial sanctions and immigration sanctions targeting persons involved in people smuggling, human trafficking or the instrumentalisation of migration for destabilisation. The amended entry relates to Marko Petrovic (UK Sanctions List Ref: GIM0007), a Serbian national born in 1988 and designated on 23 July 2025 for being a member of, or associated with, an involved person identified as the Kavac Gang. The statement of reasons links the gang’s activity to procuring passports based on false identities to facilitate unlawful entry of gang members into countries in the Balkans and Turkey; the entry also includes information on Petrovic’s convictions in Serbia for violent behaviour and an endangerment-related offence. The notice reiterates that where a person or entity is identified as a match and funds or economic resources are held or dealt with, assets must be frozen immediately, dealings prohibited unless a legal exemption or licence applies, and frozen assets and suspected breaches or blocked attempted transactions reported to the Financial Intelligence Unit. Screening should also take account of entities owned or controlled, directly or indirectly, by a designated person.

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