Zimbabwe
Sanction measures apply for, among other matters, a freeze on the assets of selected members of the Government of Zimbabwe and individuals associated with them.
The European Union adopted Council Regulation (EU) No 314/2004, which was implemented domestically via the Zimbabwe (Freezing of Funds and Economic Resources) (Guernsey) Ordinance, 2004 and the Zimbabwe (Sale, Supply, Export, Financing and Financial Assistance and Shipment of Equipment) (Penalties and Licences) (Guernsey) Ordinance, 2004.
The measures include:
- ban on exports of equipment for internal repression
- ban on provision of certain services
- freezing of funds and economic resources
All financial institutions and other bodies and persons in Guernsey will need to ensure they do not maintain any accounts or otherwise hold any funds or economic resources for the entities and individuals named in the HM Treasury consolidated lists.
The Policy Council is the competent authority and licensing authority in relation to these sanctions. Any queries should be sent to sanctions@gov.gg subject line 'Zimbabwe'.
