Notices

• Financial Sanction Notice
• Jul 14, 2020

Sanction Notice 43 of 2020

The Financial Services Commission advises its licensees and registrants, who are required to comply with the requirements of the Anti-Money Laundering and Prevention of Terrorist Financing Regulations 2010 (as amended), and the Anti-Money Laundering and Prevention of Terrorist Financing Code 2011 (as amended), to pay careful attention to the Financial Sanctions Notice referenced in this Public Notice.

This Public Notice serves to bring to the attention of all financial businesses the Financial Sanctions Notice, FSN-53-20, which was issued by the Attorney General’s Chambers on 10 July 2020. The notice confirms the following advisory from the International Division of the Attorney General’s Chambers:

• That two entries have been removed from the Democratic Republic of Congo financial sanctions regime and are no longer subject an asset freeze:
• Robert Kibelisa (Group ID: 13437)
• Lambert Mende (Group ID: 13463)

All financial businesses are advised that, as a result of FSN-53-20, they are no longer required to apply any of the following measures to the individuals mentioned above:

• Check whether they maintain any accounts or hold any funds or economic resources.
• Freeze such accounts and other funds or economic resources.
• Refrain from dealing with the funds or assets or from making them available (directly or indirectly) to the aforementioned person.
• Report any findings to the Governor, together with any additional information, that would facilitate compliance with the UK’s Terrorist-Asset Freezing Act (Part 1, including Part 1 of Schedule 2 which was extended to the Turks and Caicos Islands).

Financial businesses should continue to inform the Commission if they have any dealings with designated persons and provide information on the measures applied in relation to them.

AML Supervision Department