Financial Crime World

Title: ThreeNew Entities Sanctioned by the UK under Sudan Sanctions Regime

Date: April 15, 2024

The Foreign, Commonwealth and Development Office (FCDO) of the United Kingdom has announced an update to the UK Sanctions List. Three new entities have been added, bringing the total number of sanctioned entities to over 9,000. The Sudan (Sanctions) (EU Exit) Regulations 2020 now applies to these entities.

Newest Entities on the List

  1. Al-Fakher Advanced Works Co. Ltd. (also known as Al-Fakher Company, Al-Fakher Company for Advanced Business, AlFakher International Limited, and Al-Fakher Advanced Business Company Limited) (Address: Sudan)

    • Involved Person under the Sudan (Sanctions) (EU Exit) Regulations 2020
    • Role in funding the Rapid Support Forces (RSF) through gold export business
    • UK Sanctions ListRef: SUD0018
    • Freeze all accounts or holdings, funds or economic resources

  2. Alkhaleej Bank Co. Ltd. (also known as AL ROWAD BANK FOR DEVELOPMENT & INVESTMENT, AL ROWAD BANK FOR DEVELOPMENT AND INVESTMENT, AL-KHALEEJ BANK, and Gulf Bank Company Limited) (Address: 6th Floor, Albaraka Tower, 1 Al Qasr, P.O.Box 1800, Khartoum, Sudan)

    • Involved Person under the Sudan (Sanctions) (EU Exit) Regulations 2020
    • Association, support, and supply of the Rapid Support Forces
    • UK Sanctions ListRef: SUD0019
    • Freeze all accounts or holdings, funds or economic resources

  3. Red Rock Mining Company (also known as Red Rock Ltd) (Address: Blok 9, Kafory, Khartoum, Sudan)

    • Involved Person under the Sudan (Sanctions) (EU Exit) Regulations 2020
    • Association with Sudan Master Technology and central role in funding Sudanese Armed Forces (SAF)
    • UK Sanctions ListRef: SUD0017
    • Freeze all accounts or holdings, funds or economic resources

Compliance Requirements

Financial institutions and other persons are required to:

  • Freeze any accounts or holdings of these designated entities.
  • Refrain from dealing with funds or economic resources for or on behalf of them.
  • Seek a license from The Treasury to handle the sanctioned entities’ funds or economic resources.

Consequences of Noncompliance

  • Failure to comply with financial and trade sanctions legislation.
  • Attempts to circumvent the provisions.
  • Criminal offenses.

Further Information

For more information on the UN measures regarding Sudan, please visit the UN Sanctions Committee webpage. For details on the sanctions regime related to Sudan and other financial sanctions regimes, visit the Customs and Excise pages of the Isle of Man Government website.

Consolidated List

The updated Consolidated List is available on the FCDO website. Please contact the relevant authorities for any queries concerning the list or the sanctions regime.