Al-Qaida (United Nations Measures)(Overseas Territories) Order 2012 - Advisory Warning No. 21 of 2012 (2012-10-12)

Summary

This is an advisory notice from the BVI Financial Services Commission alerting the public and regulated persons to the entry into force of The Al-Qaida (United Nations Measures) (Overseas Territories) Order 2012, which implements UN Security Council sanctions against Al-Qaida-linked individuals, groups, undertakings and entities.

• Asset freeze: Continues the freeze on assets belonging to individuals, groups, undertakings and entities designated by the UN Security Council as associated with Al-Qaida.
• Funds prohibition: Prohibits making funds available, directly or indirectly, to designated persons.
• Military goods prohibition: Prohibits the supply of military goods and technical assistance related to military activities to designated persons.
• Revocation: The 2012 Order revokes the Al-Qaida and Taliban (United Nations Measures) (Overseas Territories) Order 2002 and its 2002 Amendment Order.

The notice directs readers to the UN Security Council's consolidated list of designated persons and to the full text of the 2012 Order for further detail, but does not itself set out a filing or reporting deadline.

Key obligations

• Comply with the asset freeze under the 2012 Order in respect of persons designated by the UN Security Council as associated with Al-Qaida
• Do not make funds available, directly or indirectly, to persons designated under the sanctions regime
• Do not supply military goods or technical assistance related to military activities to designated persons

Applies to

general public, regulated persons, other persons subject to BVI sanctions law