Financial Crime World

Here is the rewritten article in markdown format with proper headings, subheadings, and bullet points:

UN Sanctions Delisting and Unfreezing: Procedures and Regulations

This article outlines the procedures and regulations for delisting and unfreezing assets of individuals and entities designated under UN sanctions.

Section 1: Procedures for De-listing

Delisting from UN sanctions involves submitting a request to the relevant committees. Here are the publicly known procedures:

  • Submit de-listing requests to the UN sanctions Committees (1267/1989 and 1988) through the UN Ombudsman or the coordinator designated by the sanctions committees.
  • The State Intelligence Service (SIS) has the authority to issue a decision on removal of restrictive measures based on amendments to UNSCRs lists.

Section 2: Review of Designation Decisions

Designated individuals and entities have the right to request a review of their designation decisions. Here’s how:

  • Specific legal provisions allow for review of designation decisions upon request (paragraphs 49, 52, and 53 of the Regulation).
  • The SIS is responsible for reviewing these requests.

Section 3: De-listing Procedures

The following procedures are in place to facilitate revisions of designations and listing exclusions by UN sanctions committees:

  • Chapter IV of the Regulation sets out procedures for facilitating revisions of designations and listing exclusions by UN sanctions committees.
  • Paragraph 58 provides information on who to address de-listing requests to (including the coordinator designated by the sanctions committee).
  • Paragraph 61 refers to procedures for informing designated individuals and entities about the availability of the United Nations Office of the Ombudsperson.

Section 4: Identification Errors

In cases of doubt about the identity of a person, group, or entity on the designation list:

  • Responsible Entities (REs) should inform the Screening and Processing Centre for Money Laundering (SPCML), which will consult with the SIS to determine whether restrictive measures apply (Art. 34(6) of the AML/CFT Law).

Section 5: Delisting from Additional List

Individuals or entities who were designated incorrectly may request exclusion from the additional list:

  • Persons or entities who were designated incorrectly may request exclusion from the additional list (paragraphs 44(1), 45, 53-55 of the Regulation).
  • The SIS can also take action ex officio to correct identification errors.

Section 6: Communication of De-listing Decisions

Decisions on de-listing are communicated to the RE that applied the restrictive measure:

  • Decisions on de-listing shall be communicated to the RE that applied the restrictive measure (Art. 34(10) of the AML/CFT Law).