The Isle of Man Treasury issued a financial sanctions update confirming the revocation of five entries under the Zimbabwe sanctions regime as it applies in the Isle of Man. The entries have been removed from the UK Consolidated List and are no longer subject to an asset freeze. The delistings cover Godwin Matanga, Isaac Moyo, Owen Ncube and Anselem Nhamo Sanyatwe, as well as the entity Zimbabwe Defence Industries. The notice notes that the Zimbabwe (Sanctions) (EU Exit) Regulations 2019 have effect in the Isle of Man through the Sanctions (Implementation of UK Sanctions) Regulations 2024 made under the Sanctions Act 2024, and reiterates core compliance expectations where a match to the UK Sanctions List is suspected, including immediate asset freezing, avoiding dealing with assets without an exemption or licence, and reporting frozen assets and suspected breaches to the Financial Intelligence Unit, including in relation to ownership or control.
The Treasury (Isle of Man) 2025-05-27
The Isle of Man Treasury publicises delisting of four individuals and Zimbabwe Defence Industries under the Zimbabwe sanctions regime
The Isle of Man Treasury has revoked five entries under the Zimbabwe sanctions regime, removing them from the UK Consolidated List and lifting the asset freeze. The delisted individuals and entity include Godwin Matanga, Isaac Moyo, Owen Ncube, Anselem Nhamo Sanyatwe, and Zimbabwe Defence Industries. The update reiterates compliance expectations under the Zimbabwe (Sanctions) (EU Exit) Regulations 2019 as applied in the Isle of Man.