This news release is issued to publicise the amendment of one entry on the UN sanctions list.

On 8 July 2026 the United Nations Security Council updated the Consolidated List.

Further information can be found in the Annex to this Notice.

What you must do in relation to amendments or corrections

If, through your sanctions compliance programme, you identify a possible match to a person or entity included in the Sanctions Lists, and you hold or otherwise deal with funds or economic resources of that person:

1. You must immediately freeze any assets you hold or otherwise deal with belonging to that person (assets includes funds and economic resources, owned directly or indirectly by that person)
2. You must review the information you hold for that person against the Sanctions Lists to establish whether you have a true match or a ‘false positive’ (see the Financial Sanctions General Guidance)
3. Where a true match is confirmed, do not deal with those assets or make them available to, or for the benefit of the designated person unless:
• You have a legal exemption
• You have a licence
4. You must report the frozen assets to the FIU

If you have a suspicion or knowledge that there has been a breach of sanctions law, or any attempted transactions that you have blocked, report your suspicions to the FIU.

Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.

Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.

Note: determining if a customer is on the UN or UK Sanctions List includes whether any corporate entity is owned or controlled, directly or indirectly, by a person on those lists.

Further guidance on false positives and delistings and what to do can be found in the Financial Sanctions General Guidance page.

Further information

Further details on the UN measures can be found on the relevant UN Sanctions Committee webpage.

Further information on the sanctions regime and other sanctions related guidance can be found on the Sanctions and Export Control website on the Sanctions Guidance page.

Contact details for enquiries

If you require any further information or guidance, please contact the Sanctions Team on:

Telephone: +44 1624 648109

Email: sanctions@gov.im

Please note: We are unable to provide legal advice. You may need to seek independent legal advice.

Please Note: This Article was published by and remains the property of the Isle of Man Government

You may read the original article

at Isle of Man Government News 2026-07-09.