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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 brings to the attention of licensees and registrants Financial Sanctions Notice, FSN-90-20, issued by the Attorney General’s Chambers today, 16 October 2020. FSN-90-20 advises that seven (7) individuals have been added to the Syria regime:

  • Talal AL-BARAZI (Group ID: 13976)
  • Loubana MOUCHAWEH (Group ID: 13977)
  • Darren TABA’A (Group ID 13978)
  • Ahmad SAYYED (Group ID: 13979)
  • Tammam RA’AD (Group ID: 13980)
  • Kinan YAGHI (Group ID: 13981)
  • Zuhair KHAZIM (Group id: 13982)

Furthermore, the identifying information for 18 individuals have been amended. These individuals are now subject to an asset freeze and the consolidation list has been updated.

Licensees and registrants are advised that they are required to apply the following measures to the entries referenced above:

  1. Check whether they maintain any accounts or hold any funds or economic resources for the entries listed in the Annex of the UKOFSI Notice, which can be accessed via the link in FSN-90-20.
  2. Freeze such accounts and other funds or economic resources.
  3. Refrain from dealing with the funds or assets, or from making them available (directly or indirectly), to the entries unless licensed by the Governor.
  4. Report any findings to the Governor, with any additional information, that would facilitate compliance with the Regulation.
  5. Provide any information concerning the frozen assets of the entries that the Governor may request, noting that information reported to the Governor may be passed on to other regulatory authorities or law enforcement.

Licensees and registrants should continue to inform the Commission if they have any dealings with the entries and provide information on the measures applied to them.

AML Supervision Department

Public Notice 80 of 2020