4 May 2004

With the publication of Council Regulation (EC) No 872/2004 in the Official Journal of the European Union on 30 April 2004 (Ref L162, p.32), financial sanctions have come into force against the former Liberian President, Charles Taylor, Jewell Howard Taylor and Charles Taylor Jr., other immediate family members, his former senior officials and other close allies and associates as designated by the Committee of the Security Council established pursuant to paragraph 21 of United Nations Security Council Resolution 1521 (2003).

The Bank of England, on behalf of Her Majesty's Treasury, therefore announces that with effect from 30 April 2004 all funds or economic resources belonging to the persons listed in Annex I to Council Regulation (EC) No 872/2004 must be frozen. No funds or economic resources are to be made available, directly or indirectly, to or for the benefit of the listed persons. Financial institutions must check whether they maintain any account for the individuals named and, if so, they should freeze the accounts and report the accounts and amounts frozen to the Bank of England.

Copies of this Council Regulation and the related Bank Notice regarding the financial sanctions regime against Liberia are available from the Financial Sanctions pages.

Note to Editors

Council Regulation (EC) No 872/2004 gives effect in Community Law to United Nations Security Council Resolution 1532. UNSCR 1532 imposed financial sanctions against the former Liberian President, Charles Taylor, other members of his family, former Liberian senior officials and other close allies and associates.

Key Resources

	Bank of England Notice 4 May 2004 Download PDF (76k)
	Council Regulation (EC) No 872/2004 29 April 2004 Download PDF (132k)