The Isle of Man Treasury published an update confirming the removal of one individual from the UK sanctions list under the Russia sanctions regime as implemented in the Isle of Man, meaning the person is no longer subject to an asset freeze or trust services sanctions. The entry removed is Francois Edouard Mauron (Swiss national; UK Sanctions List Ref RUS1999; Group ID 16206), who had been listed in November 2023 with trust services sanctions in addition to an asset freeze. The notice reiterates that where a person or entity matches an entry on the UK sanctions list and an institution holds or deals with that person’s funds or economic resources, assets must be frozen immediately, no dealings may occur without a legal exemption or licence, and frozen assets and suspected breaches or blocked transactions must be reported to the Financial Intelligence Unit.
The Treasury (Isle of Man) 2025-02-26
Isle of Man Treasury confirms delisting of Francois Edouard Mauron under the Russia sanctions regime
The Isle of Man Treasury announced the removal of Francois Edouard Mauron from the UK sanctions list under the Russia sanctions regime, lifting his asset freeze and trust services sanctions. The update emphasizes that institutions must freeze assets immediately if a person matches a UK sanctions list entry, with no dealings allowed without a legal exemption or licence.