Financial Crime World

Here is the rewritten article in markdown format:

De-Listing Procedures for Individuals and Entities Subject to Sanctions

De-Listing Procedures

The United Nations has established procedures for submitting delisting requests to the UN Sanctions Committees (1267/1989 and 1988) through the UN Ombudsman or designated coordinators.

Steps to Submit a Delisting Request

  • Publicly known procedures: There are established procedures for submitting delisting requests.
  • SIS authority: The State Information Service (SIS) has the authority to issue decisions on removing restrictive measures based on amendments to the UNSCRs lists.
  • Review of designation decision: There are provisions for reviewing designation decisions upon request, and interested parties can contact specific authorities (e.g., co-ordinator designated by the sanctions committee).
  • Informing designated persons/ entities: The UN Office of the Ombudsperson is available to accept delisting petitions, as per UNSCRs 1904, 1989, and 2083.
  • Identity verification: In case of doubt about the identity of a person or entity on the designation list, the Relevant Entity (RE) should inform the SPCML, which will consult with the SIS to determine whether to apply or not apply restrictive measures.

Communication and Notification

The following steps are taken after a delisting decision is made:

  • Decisions on application/non-application of restrictive measures: The SIS’s decisions shall be communicated to the RE that applied the measure.
  • Delisting decisions: Delisting decisions are published on the SIS’s official website, notified to the Public Services Agency, Fiscal Service of the State, and REs through their supervisors, requesting revocation of financial sanctions.

Specific Provisions

The following provisions are in place for specific situations:

  • Erroneous designation: Persons or entities designated erroneously may request exclusion from the additional list, which can also be done ex officio.
  • Identification errors: Any person can notify the authority about identification errors regarding listed individuals and targeted goods, and the authority shall take a decision within 15 working days.

Limitations

The following limitations are in place:

  • Non-REs holding targeted funds or assets: No instructions or guidance are provided to non-REs on their obligation to respect delisting or unfreezing actions, except in limited cases (e.g., de-listing from the additional list).

I hope this rewritten article meets your requirements. Let me know if you need further clarification on any of these points!