Sanctions Compliance Guidelines in Guinea Crucial for Effective Implementation After Brexit

The Guinea (Sanctions) (EU Exit) Regulations 2019 are designed to ensure a smooth transition of sanctions related to Guinea following the United Kingdom’s departure from the European Union. The regulations aim to promote accountability and justice for those responsible for violent repression and human rights abuses in Guinea.

Background

The sanctions regime is aimed at encouraging the Guinean government to investigate properly the violent events that took place on September 28th, 2009, and hold accountable those individuals who participated in or promoted the violence. The regulations impose asset freezes against those identified as responsible for the repression, human rights violations, or abuses during or after the violent incidents.

UK Sanctions Regulations

The UK has its own set of sanctions regulations governing Guinea, including:

• Guinea (Sanctions) (EU Exit) Regulations 2019
• Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2020
• Sanctions (EU Exit) (Miscellaneous Amendments) (No. 4) Regulations 2020

Prior to January 1st, 2021, the Republic of Guinea (Asset Freezing) Regulations 2012 were applicable.

EU Sanctions Regulations

The European Union also had its own sanctions regulations in place prior to Brexit, including:

• Council Regulation (EU) No 1284/2009

Those regulations are no longer applicable following the UK’s departure from the EU.

Importance of Sanctions Compliance

Individuals and businesses operating in Guinea must be aware of these sanctions compliance guidelines to avoid any potential legal or financial consequences.