On 6 March 2020, the Cayman Islands Financial Reporting Authority (CAYFIN) issued a financial sanctions notice, in accordance with the amended Council Regulation (EU) 2016/44 imposing financial sanctions against Libya.
Identifying information for the individuals listed in the Annex of the Notice has been amended. The following entries have been amended and are still subject to an asset freeze:
- Aisha Muammar Muhammed Abu Minyar Qadhafi
- Abu Zayd Umar Dorda
- Ahmad Oumar Imhamad Al-Fitouri
- Mohammed Al Amin Al-Arabi Kashlaf
- Ibrahim Saeed Salim Jadhran
CYFIN also advises that there continue to be import and export restrictions on Libya under the broader UK export control regime which applies to the UK Overseas Territories, including Cayman Islands. Further guidance on export and trade sanctions is available here.
Failure to comply with financial sanctions or export control legislation or to seek to evade its provisions is a criminal offence.
The Financial Sanctions Notice can be found here.
The amended Council Regulation (EU) 2016/44 can be found here.