The Isle of Man Treasury issued a notice publicising that the United Nations Security Council updated the Consolidated List on 8 July 2026, amending one entry. The notice does not set out the amended listing details in the main text, instead referring readers to the annex. It also restates the compliance steps required when a possible match is identified through a sanctions compliance programme. Where a firm holds or otherwise deals with funds or economic resources of a listed person or entity, it must immediately freeze the assets, check whether the case is a true match or a false positive, and, if it is a true match, refrain from dealing with or making assets available unless a legal exemption or licence applies. Frozen assets must be reported to the Financial Intelligence Unit, and any suspected sanctions breach or blocked attempted transaction must also be reported. The notice adds that firms do not need to resubmit details of assets already reported as frozen and reminds institutions to consider direct and indirect ownership or control when screening corporate entities.
The Treasury (Isle of Man)2026-07-09
Isle of Man Treasury publicises United Nations sanctions list amendment to one entry
The Isle of Man Treasury published a notice that the United Nations Security Council amended one entry on its Consolidated List on 8 July 2026. It reiterates that firms identifying a possible match must immediately freeze relevant assets, verify whether the match is genuine, and report frozen assets and suspected breaches or blocked transactions to the Financial Intelligence Unit.