Consultation on the Sanctions Bill 2022

Closed 27 Jan 2023

Opened 16 Dec 2022

Overview

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.

Background

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:

  • application, under section 19 of the European Union and Trade Act 2019, of United Kingdom Statutory Instruments made under the Sanctions and Anti-Money Laundering Act 2018 ('UK SIs')
     
  • extension, under the Sanctions and Anti-Money Laundering Act 2018, of UK SIs by Order in Council
     
  • designation of terrorist individuals or entities under the Terrorism and Other Crime (Financial Restrictions) Act 2014

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

The Bill’s main aims are to:

  • provide a modern and flexible legislative framework in the Island to be able to implement United Kingdom sanctions measures in a timely manner
  • continue to meet international obligations concerned with preventing money laundering, terrorist financing and nuclear proliferation financing
     
  • make sanctions legislation easier to locate and follow
     
  • introduce measures to deal with the enforcement of sanctions related offences more effectively

Responding to this consultation

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

Areas

  • All Areas

Audiences

  • All residents

Interests

  • Legislation