Isle of Man Treasury issued a sanctions notice publicising the addition of six entries under the Sudan sanctions regime to the UK Sanctions List, making them subject to an asset freeze in the Isle of Man. The Sudan (Sanctions) (EU Exit) Regulations 2020 apply in the Island 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. Firms must immediately freeze any funds or economic resources owned or controlled, directly or indirectly, by a listed person or entity and assess potential matches to distinguish true hits from false positives. Where a true match is confirmed, assets must not be dealt with or made available to the designated person without a legal exemption or licence, and frozen assets must be reported to the Financial Intelligence Unit; suspected breaches or blocked attempted transactions must also be reported. Non-compliance or attempts to circumvent sanctions are criminal offences, and institutions that have already reported frozen accounts or other resources for a designated person are not required to report the same details again.
The Treasury (Isle of Man) 2026-02-05
Isle of Man Treasury publicises six new Sudan sanctions entries added to the UK Sanctions List and subject to asset freeze
The Isle of Man Treasury announced the addition of six entries under the Sudan sanctions regime to the UK Sanctions List, subjecting them to an asset freeze in the Isle of Man. Firms must freeze assets of listed entities, report true matches to the Financial Intelligence Unit, and comply with the Sudan (Sanctions) (EU Exit) Regulations 2020, with non-compliance constituting a criminal offence.