The Treasury sought views on the Sanctions Bill 2022.
12 responses were received.
Overall no major issues with the Bill were raised. The issues raised are set out in the consultation response document.
The Treasury is grateful to all who responded to the consultation.
A Consultation Response document has been prepared which provides a summary of responses and corresponding amendments to the Sanctions Bill 2022.
The Treasury plans to finalise the revised Bill and introduce it to the branches of Tynwald in 2023.
This consultation seeks your views on the Sanctions Bill 2022 (the 'Bill'), which aims to improve the legislative framework for implementing United Nations and United Kingdom sanctions regimes.
The Isle of Man Government policy in relation to international sanctions measures is to implement such measures in line with those in force in the United Kingdom from time to time.
Also, the Isle of Man, through the United Kingdom’s membership of the United Nations, is obliged to implement sanctions measures imposed by UN Security Council Resolutions, particularly in relation to the prevention and suppression of terrorist financing and nuclear proliferation financing.
These measures are currently given legal effect by:
However, there are limitations associated with each of these legislative methods, and the Treasury has identified the need to have a Bill which will remove these limitations.
The consultation is not seeking any views on the current policy.
The Bill’s main aims are to:
Any comments or questions that are not otherwise submitted using the 'Online Survey' link below, should be submitted in writing to:
Customs and Excise Division
PO Box 6
North Quay, Douglas
IM99 1AG
Or by email to: customs@gov.im
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