Isle of Man Treasury issued a sanctions update highlighting that the United Nations Security Council has removed two individuals from the ISIL (Da'esh) and Al-Qaida sanctions list, meaning they are no longer subject to an asset freeze under this regime. The regime applies in the Isle of Man through the ISIL (Da'esh) and Al-Qaida (United Nations Sanctions) (EU Exit) Regulations 2019 as implemented by the Sanctions (Implementation of UK Sanctions) Regulations 2024 made under the Sanctions Act 2024, giving effect to United Nations Security Council Resolution 2368. The update notes that designated persons under the regime are included on the UK Sanctions List and that the applicable measures include asset freezes and trade sanctions. The delisted individuals are Anas Hasan Khattab (Unique ID AQD0139; UN reference QDi.336; OFSI Group ID 13133) and Ahmed Al-Sharaa (Unique ID AQD0115; UN reference QDi.317; OFSI Group ID 12883). The Treasury reiterated that, where a person or entity is suspected to match an entry on the UK Sanctions List and a firm holds or deals with their funds or economic resources, assets must be frozen immediately, potential false positives must be checked, dealings are prohibited absent a legal exemption or licence, and frozen assets and suspected breaches or blocked attempted transactions must be reported to the Financial Intelligence Unit. It also noted that ownership or control by a listed person is relevant to customer screening, and that previously reported frozen assets do not need to be reported again.
The Treasury (Isle of Man) 2025-11-07
Isle of Man Treasury publicises UN delisting of two individuals under the ISIL Da'esh and Al-Qaida sanctions regime
The Isle of Man Treasury announced the UN Security Council has removed Anas Hasan Khattab and Ahmed Al-Sharaa from the ISIL and Al-Qaida sanctions list, lifting their asset freeze. The sanctions regime is enforced in the Isle of Man through the ISIL and Al-Qaida (UN Sanctions) (EU Exit) Regulations 2019 and the Sanctions (Implementation of UK Sanctions) Regulations 2024. The Treasury emphasized firms must freeze assets immediately if a person matches the UK Sanctions List and report suspected breaches to the Financial Intelligence Unit.