The Treasury (Isle of Man) issued a notice publicising the addition of six entries under the Russia sanctions regime, following an update to the UK Sanctions List by the UK Foreign, Commonwealth and Development Office. The new listings apply in the Isle of Man via the Sanctions (Implementation of UK Sanctions) Regulations 2024 and impose asset-freeze measures alongside trust services sanctions. The additions comprise two individuals (Otar Anzorovich Partskhaladze and Levan Shioyevich Vasadze), two entities (AEZA International Ltd and HeliCo Group LLC), and two vessels (BAVLY, IMO 9621560, and KARAKUZ, IMO 9621558). The notice highlights core compliance expectations for relevant institutions, including immediately freezing assets of designated persons, avoiding making funds or economic resources available unless an exemption or licence applies, checking for false positives, and reporting frozen assets and suspected breaches or blocked transactions to the Financial Intelligence Unit, including where ownership or control links to a listed person exist.
The Treasury (Isle of Man) 2025-09-19
The Treasury (Isle of Man) publicises six new Russia sanctions listings subject to asset freezes and trust services restrictions
The Treasury (Isle of Man) added six entries to the Russia sanctions regime, aligning with the UK Sanctions List. Effective under the Sanctions (Implementation of UK Sanctions) Regulations 2024, the sanctions include asset-freeze measures and trust services sanctions on two individuals, two entities, and two vessels. Institutions must comply by freezing assets, avoiding unauthorized transactions, and reporting to the Financial Intelligence Unit.