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Financial Sanctions List in Gibraltar: What You Need to Know

Gibraltar’s financial sanctions regime has a long history of being implemented effectively to achieve specific policy and security objectives. In recent years, new legislation has been introduced to streamline the process and enhance enforcement.

The Sanctions Act 2019

The Sanctions Act 2019 provides for the automatic recognition and enforcement of UN, UK, and EU sanctions, while also allowing for separate Gibraltar designations to be made by relevant authorities if necessary. These designations will be posted on this page, but currently there are none.

Automatic Implementation of UN Sanctions

The United Kingdom automatically implements United Nations sanctions, and individuals can find the latest financial sanctions targets by regime implemented by HM Treasury’s Office of Financial Sanctions Implementation (OFSI) online.

Exemptions and Licensing Powers

For those affected by asset freezing or other financial sanctions, enquiries should be submitted to the Competent Authority. The legislation also includes specific exemptions and licensing powers that allow otherwise prohibited transactions to take place in certain circumstances.

Licence Requests

A licence is a written authorisation from Gibraltar’s competent authority permitting an otherwise prohibited act, which can be requested from the Competent Authority. Reports of frozen funds and economic resources, information regarding designated persons, and notifications of credits to frozen accounts should be submitted to the GFIU via its online reporting system (THEMIS).

Reporting Process

For more information about the reporting process, individuals can contact the GFIU at admin@gfiu.gov.gi. Those seeking guidance on export controls related to sanctions should contact HM Customs (Gibraltar) at exportcontrol.sanctions@gibraltar.gov.gi.

Immigration Sanctions

Immigration sanctions are also a key aspect of Gibraltar’s sanctions regime, and those seeking information can contact the Borders and Coastguard Agency at immigration@bca.gov.gi.

Additional Resources

Individuals looking for more information on financial sanctions in Gibraltar can access various guidance notes and documents online. These include:

• Financial Sanctions Guidance Notes
• OFSI Maritime Guidance
• OFSI Russia Guide
• Trusts General Licence
• Sanctions Licences

Licence Applications

The competent authority in Gibraltar can issue licences under specific licensing grounds enabling it to do so, provided the conditions on those grounds have been met. Those seeking sanctions exemption licence applications should contact the competent authority at sanctions.licence@gibraltar.gov.gi.