LIBERIA FINANCIAL SANCTIONS LIST UPDATED: EIGHT INDIVIDUALS AND THIRTY ENTITIES DELISTED

Significant Changes to UK Financial Sanctions List Relating to Liberia

Effective October 7th, the UK government has made substantial changes to its financial sanctions list in relation to Liberia. According to a notice issued by Her Majesty’s Treasury (HMT), eight individuals and thirty entities previously listed under the Liberia regime have been delisted.

Delisting of Individuals and Entities

The revised annex to the notice provides additional information on these delistings, noting that they were part of a comprehensive list of designated persons maintained by HMT. Specifically:

• Eight individuals have been removed from the sanctions list.
• Thirty entities have also been delisted.

Liberia Removed from Financial Sanctions Regime

In another significant development, Liberia has been entirely removed from the financial sanctions regime as per the latest HMT notice dated October 7th. This change reflects:

• The country’s progress in meeting international standards
• Its cooperation with global efforts to combat money laundering and terrorism financing

History of Liberia Sanctions List Updates

The most recent update to the Liberia sanctions list was published on February 6th, 2014, following a new HM Treasury notice and list of designated persons. The initial publication occurred on May 23rd, 2013, when the first notice was released regarding financial sanctions in Liberia.

This significant change demonstrates the UK government’s commitment to keeping its sanctions lists up-to-date and aligned with international standards.