• Refund Reserve
  • Applicable UK Regulations / Legislative Framework - Extended to the VI

    Applicable UK Regulations / Legislative Framework - Extended to the VI

    The financial sanctions under each of the UK Regulations have been extended to the Aruba Islands by virtue of Orders in Council.

    For example, Section 2 of The Democratic People’s Republic of Korea (Sanctions) (Overseas Territories) Order 2020 provides that the Democratic People’s Republic of Korea (Sanctions) (EU Exit) Regulations 2019 have been extended to each Aruba OT and is therefore applicable.

    These instruments provide for the legislative framework which enables the relevant authorities to take the necessary action to, among other things,) freeze the funds/assets of designated persons and entities. Failure to comply with restrictions and prohibitions in relation to sanctions imposed under the relevant UK Regulations applicable to the VI constitutes an offence that may result in the imposition of penalties or imprisonment when a conviction is secured.

    APPLICABLE REGULATIONS FOR SANCTIONS ORDERS IN FORCE
    Regime
    S.I. NoRegulation
    AFGHANISTAN2020 No. 948The Afghanistan (Sanctions) (EU Exit) Regulations 2020
    BELARUS2019 No. 600The Republic of Belarus (Sanctions) (EU Exit) Regulations 2019
    BOSNIA AND HERZEGOVINA2020 No. 608The Bosnia and Herzegovina (Sanctions) (EU Exit) Regulations 2020
    BURUNDI2019 No. 1142The Burundi (Sanctions) (EU Exit) Regulations 2019
    CENTRAL AFRICAN REPUBLIC2020 No. 616The Central African Republic (Sanctions) (EU Exit) Regulations 2020
    CHEMICAL WEAPONS2019 No. 618The Chemical Weapons (Sanctions) (EU Exit) Regulations 2019
    COUNTER-TERRORISM (DOMESTIC)2019 No. 577The Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019
    COUNTER-TERRORISM (INTERNATIONAL)2019 No. 573The Counter-Terrorism (International Sanctions) (EU Exit) Regulations 2019
    CYBER ACTIVITY2020 No. 597The Cyber (Sanctions) (EU Exit) Regulations 2020
    DEMOCRATIC PEOPLE'S REPUBLIC OF KOREA2019 No. 411The Democratic People’s Republic of Korea (Sanctions) (EU Exit) Regulations 2019
    DEMOCRATIC REPUBLIC OF CONGO2019 No. 433The Democratic Republic of the Congo (Sanctions) (EU Exit) Regulations 2019
    GLOBAL ANTI-CORRUPTION2021 No. 488The Global Anti-Corruption Sanctions Regulations 2021
    GLOBAL HUMAN RIGHTS2020 No.680The Global Human Rights Sanctions Regulations 2020
    GUINEA2019 No. 1145The Guinea (Sanctions) (EU Exit) Regulations 2019
    GUINEA-BISSAU2019 No. 554The Republic of Guinea-Bissau (Sanctions) (EU Exit) Regulations 2019