UN Sanction

Summary

This is a short public alert issued by the BVI Financial Services Commission notifying regulated persons and others subject to the Virgin Islands' AML/CFT laws that the United Nations has revised its consolidated list of persons and entities designated under UNSCR 1390 (2002) and related resolutions. The designations concern individuals and entities associated with Usama Bin Laden, the Taliban and Al Qaida, and trigger a travel ban, assets freeze and arms embargo against those listed.

• Nature of update: The UN Security Council has amended the list of designated persons/entities under the 1390 sanctions regime (Bin Laden, Taliban, Al Qaida).
• Sanctions measures involved: Travel ban, assets freeze and arms embargo apply to newly listed or amended designations.
• Who is notified: All regulated persons and other persons subject to the BVI's anti-money laundering and countering the financing of terrorism laws.

The notice itself does not set out new procedural requirements or a specific compliance deadline; it directs recipients to the updated UN Security Council Consolidated List and existing sanctions screening obligations under the BVI sanctions framework.

Key obligations

• Regulated persons and other AML/CFT-obliged persons must check counterparties and clients against the revised UN Security Council Consolidated List for the 1390 (Bin Laden/Taliban/Al Qaida) sanctions regime.
• Freeze assets and refuse dealings involving persons or entities newly designated under the revised list, consistent with the travel ban, assets freeze and arms embargo.

Applies to

regulated persons, other persons subject to the anti-money laundering and countering the financing of terrorism laws of the Virgin Islands