Applicable UK Regulations / Legislative Framework - Extended to the VI

The financial sanctions under each of the UK Regulations have been extended to the Virgin Islands by virtue of Orders in Council.

For example, Section 2 of The Democratic People’s Republic of Korea (Sanctions) (Overseas Territories) Order 2020 provides that the Democratic People’s Republic of Korea (Sanctions) (EU Exit) Regulations 2019 have been extended to each British OT and is therefore applicable.

These instruments provide for the legislative framework which enables the relevant authorities to take the necessary action to, among other things,) freeze the funds/assets of designated persons and entities. Failure to comply with restrictions and prohibitions in relation to sanctions imposed under the relevant UK Regulations applicable to the VI constitutes an offence that may result in the imposition of penalties or imprisonment when a conviction is secured.

APPLICABLE REGULATIONS FOR SANCTIONS ORDERS IN FORCE

Regime	S.I. No	Regulation
AFGHANISTAN	2020 No. 948	The Afghanistan (Sanctions) (EU Exit) Regulations 2020
BELARUS	2021 No. 1146	The Republic of Belarus (Sanctions) (EU Exit) (Amendment)(No.2) Regulations 2021
BELARUS	2019 No. 600	The Republic of Belarus (Sanctions) (EU Exit) Regulations 2019
BOSNIA AND HERZEGOVINA	2020 No. 608	The Bosnia and Herzegovina (Sanctions) (EU Exit) Regulations 2020
BURUNDI	2019 No. 1142	The Burundi (Sanctions) (EU Exit) Regulations 2019
CENTRAL AFRICAN REPUBLIC	2020 No. 616	The Central African Republic (Sanctions) (EU Exit) Regulations 2020
CHEMICAL WEAPONS	2019 No. 618	The Chemical Weapons (Sanctions) (EU Exit) Regulations 2019
COUNTER-TERRORISM (DOMESTIC)	2019 No. 577	The Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019
COUNTER-TERRORISM (INTERNATIONAL)	2019 No. 573	The Counter-Terrorism (International Sanctions) (EU Exit) Regulations 2019
CYBER ACTIVITY	2020 No. 597	The Cyber (Sanctions) (EU Exit) Regulations 2020
DEMOCRATIC PEOPLE'S REPUBLIC OF KOREA	2019 No. 411	The Democratic People’s Republic of Korea (Sanctions) (EU Exit) Regulations 2019
DEMOCRATIC REPUBLIC OF CONGO	2019 No. 433	The Democratic Republic of the Congo (Sanctions) (EU Exit) Regulations 2019
GLOBAL ANTI-CORRUPTION	2021 No. 488	The Global Anti-Corruption Sanctions Regulations 2021
GLOBAL HUMAN RIGHTS	2020 No.680	The Global Human Rights Sanctions Regulations 2020
GUINEA	2019 No. 1145	The Guinea (Sanctions) (EU Exit) Regulations 2019