News Release
Financial Sanctions: Zimbabwe
18 April 2007
This news release is issued in respect of the financial sanctions taken against Zimbabwe.
With the publication of Commission Regulation (EC) No 412/2007 in the Official Journal of the European Union, (O.J. L101, 18.4.2007, p.6) on 18 April 2007, the Commission of the European Communities has amended the list in Annex III to Council Regulation (EC) No 314/2004 of those members of the Government of Zimbabwe and persons associated with them who are subject to financial sanctions.
The amendments set out in the Annex to Commission Regulation (EC) No 412/2007, which take the form of the addition of five individuals and changes to the identifiers of eleven individuals, are set out in the Annex to the Bank of England Notice on Zimbabwe dated 18 April 2007.
All funds or economic resources belonging to the persons listed in Annex III to Council Regulation (EC) No 314/2004, as amended, 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 and other bodies and persons in the UK must check whether they maintain any accounts or otherwise hold any funds for the individuals named and, if so, they should freeze the accounts or other funds and report the accounts or other funds and amounts frozen to the Bank of England.
Details of this Commission Regulation, previous Regulations, the Bank Notice dated 18 April 2007, previous related Notices and news releases regarding Zimbabwe and a consolidated list of individuals and entities subject to these and other UK financial sanctions regimes are available from the Financial Sanctions pages.Key Resources
 |
Bank of England Notice |
|
Commission Regulation (EC) No 412//2007 Download PDF (38k) 16 April 2007 |
