The Ministry of Legal Affairs Financial Sanctions Implementation Unit (FSIU) provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
Every effort is made to ensure that this information is current but in order to ensure compliance with the most up-to-date sanctions measures, you are encouraged to refer directly to the relevant UK legislation and Bermuda laws and to seek legal advice where necessary.
As a way of providing information about the international sanctions measures currently in force in Bermuda, the Bermuda Sanctions Regime List 2021references the relevant UK legislation that extend these measures to Bermuda, as well as the local legislation which give effect to them. The UK financial sanctions targets by regime, which lists all financial sanctions imposed in the UK by country, administration or terrorist group, can be found here. Further, the Foreign, Commonwealth and Development Office (FCDO) publishes the UK Sanctions list which includes designations under all sanctions categories in the UK.
The primary Bermuda law that gives effect to international sanctions is the International Sanctions Regulations 2013 which lists the UK legislation that are given force of law in Bermuda. These regulations are amended from time to time as new measures are extended to the British Overseas Territories and as existing ones are repealed.
2022
- Financial Sanctions Update: Russia Regime
28 December 2022 - Financial Sanctions Update: Haiti Regime
28 December 2022 - The Haiti (Sanctions) (Overseas Territories) Order 2022
28 December 2022The above Order has now been made and published and comes into force on 28 December 2022. The link to the newly launched regime page can be found here.
The Order extends, with modifications, the Haiti (Sanctions) Regulations 2022 (“the Haiti Regulations”), as amended from time to time. Persons responsible for, complicit in, or having engaged in, directly or indirectly, actions that threaten the peace, security or stability of Haiti are designated under this regime.
Designated persons are subject to financial sanctions and trade restrictions on military goods and military technology and associated services. Contravention or circumvention of any of the prohibitions in the Haiti Regulations is a criminal offence. The Haiti Regulations also confer powers on specified maritime enforcement officers to stop and search ships in international and foreign waters for the purpose of enforcing specified trade sanctions and to seize goods found on board ships which are being, or have been, dealt with in contravention, or deemed contravention, of those prohibitions.This regime comes into force designating 1 individual on the consolidated list.
- Financial Sanctions Update: Belarus Regime
16 December 2022 - Financial Sanctions Update: Russia Regime
16 December 2022 - Russia (Sanctions) (Overseas Territories) (Amendment) (No. 4) Order 2022
15 December 2022
The above Order has now been made and published and came into force on 15 December 2022.
The Russia sanctions regulations have recently been amended by the Russia (Sanctions) (EU Exit) (Amendment) (No. 15) Regulations 2022 and the Russia (Sanctions) (EU Exit) (Amendment) (No. 16) Regulations 2022 which made a number of changes, including:- creating new trade prohibitions relating to gold jewellery and to certain processed gold, together with related definitions, exceptions and consequential amendments;
- making provision concerning the prohibition of imports of liquefied natural gas and the export of Russia’s vulnerable goods (as defined in the amending regulations);
- creating new prohibitions concerning the supply and delivery by ship of certain oil and oil products and the provision of related ancillary services;
- creating exceptions from the new prohibitions and for Treasury licences allowing maritime transportation of oil and oil products to take place notwithstanding the new prohibitions; and
- allowing for the issue of monetary penalties for breaches of the new prohibitions.
- This Order makes the necessary amendments to the Principal Order to give effect in Bermuda to the changes made to the Russia sanctions regime by the amending regulations. The Russia Order extends, with modifications, the Russia Regulations, as those regulations are amended “from time to time”.
Accordingly, no further action is required to implement these changes. - Financial Sanctions Update: Russia Regime
13 December 2022 - Financial Sanctions Update: Global Anti-Corruption Regime
13 December 2022 - Financial Sanctions Update: Global Human Rights Regime
13 December 2022 - Financial Sanctions Update: Myanmar Regime
13 December 2022 - Financial Sanctions Update: Russia Regime
9 December 2022 - Financial Sanctions Update: Global Anti-Corruption Regime
9 December 2022 - Financial Sanctions Update: Global Human Rights Regime
9 December 2022 - Financial Sanctions Update: Iran (Human Rights) Regime
9 December 2022 - Financial Sanctions Update: Mali Regime
9 December 2022 - Financial Sanctions Update: Myanmar Regime
9 December 2022 - Financial Sanctions Update: South Sudan Regime
9 December 2022 - Financial Sanctions Update: Russia Regime
30 November 2022 - Financial Sanctions Update: Iran (Human Rights) Regime
14 November 2022 - Financial Sanctions Update: Russia Regime
11 November 2022 - Financial Sanctions Update: Myanmar Regime
11 November 2022 - Financial Sanctions Update: Democratic People’s Republic of Korea Regime
11 November 2022 - Financial Sanctions Update: Global Human Rights Regime
11 November 2022 - Financial Sanctions Update: Russia Regime
2 November 2022 - Financial Sanctions Update: Russia Regime
20 October 2022 - Financial Sanctions Update: Iran (Human Rights) Regime
10 October 2022 - Financial Sanctions Update: Mail Regime
10 October 2022 - Financial Sanctions Update: Yemen Regime
5 October 2022 - Financial Sanctions Update: Russia Regime
4 October 2022 - Financial Sanctions Update: Russia Regime
30 September 2022 - Financial Sanctions Update: Yemen Regime
29 September 2022 - Financial Sanctions Update: Russia Regime
29 September 2022 - Financial Sanctions Update: Russia Regime
26 September 2022 - Financial Sanctions Update: Libya Regime
- 26 September 2022
- Financial Sanctions Update: Russia Regime
16 September 2022 - Financial Sanctions Update: Democratic People’s Republic of Korea Regime
16 September 2022 - Financial Sanctions Update: Libya Regime
16 September 2022 - Financial Sanctions Update: Russia Regime
6 September 2022 - Financial Sanctions Update: Russia Regime
2 September 2022 - Financial Sanctions Update: Iraq Regime
2 September 2022 - Financial Sanctions Update: Myanmar Regime
24 August 2022 - Financial Sanctions Update: Russia Regime
23 August 2022 - Financial Sanctions Update: Russia Regime
9 August 2022 - Financial Sanctions Update: Democratic People’s Republic of Korea Regime
9 August 2022 - Financial Sanctions Update: Russia Regime
2 August 2022 - Financial Sanctions Update: Democratic People’s Republic of Korea Regime
2 August 2022 - Financial Sanctions Update: Venezuela Regime
2 August 2022 - Financial Sanctions Update: Russia Regime
26 July 2022 - Financial Sanctions Update: Syria Regime
26 July 2022 - The Russia (Sanctions) (Overseas Territories) (Amendment) (No. 2) Order 2022
20 July 2022The above Order was made on 19 July and came into force on 20 July 2022. The amendment order can be found here.
This Order makes amendments to the Russia (Sanctions) (Overseas Territories) Order 2020 (S.I. 2020/1571) (“the principal Order”).
The Russia sanctions regulations have been recently amended by the Russia (Sanctions) (EU Exit) (Amendment) (No. 8) Regulations 2022 (S.I. 2022/452) (“the amending regulations”). This Order makes the necessary amendments to the Principal Order to give effect in the relevant British overseas territories to the changes made to the Russia sanctions regime by the amending regulations. Under the International Sanctions Regulations 2013 the Russia Regulations are extended to Bermuda as those regulations are amended “from time to time”. Accordingly, no further action is required to implement these changes.
- Financial Sanctions Update: Russia Regime
20 July 2022 - Financial Sanctions Update: Libya Regime
20 July 2022 - Financial Sanctions Update: Russia Regime
15 July 2022 - Financial Sanctions Update: Russia Regime
12 July 2022 - Financial Sanctions Update: Belarus Regime
12 July 2022 - Financial Sanctions Update: Belarus Regime
7 July 2022 - Financial Sanctions Update: Democratic People’s Republic of Korea Regime
7 July 2022 - Financial Sanctions Update: Russia Regime
5 July 2022 - Financial Sanctions Update: Cyber Regime
5 July 2022 - Financial Sanctions Update: Russia Regime
4 July 2022 - Financial Sanctions Update: Russia Regime
29 June 2022 - Financial Sanctions Update: Syria Regime
29 June 2022 - Financial Sanctions Update: Russia Regime
24 June 2022 - Financial Sanctions Update: Myanmar Regime
24 June 2022 - Financial Sanctions Update: Russia Regime
16 June 2022 - Financial Sanctions Update: Myanmar Regime
16 June 2022 - Financial Sanctions Update: Chemical Weapons Regime
16 June 2022 - Financial Sanctions Update: Counter-Terrorism (International) Regime
16 June 2022 - Financial Sanctions Update: Iran (Human Rights) Regime
16 June 2022 - Financial Sanctions Update: Libya Regime
16 June 2022 - Financial Sanctions Update: Syria Regime
16 June 2022 - Financial Sanctions Update: Russia Regime
14 June 2022 - Financial Sanctions Update: Iran (Nuclear) Regime
14 June 2022 - Financial Sanctions Update: ISIL (Da'esh) and Al-Qaida Organisations Regime
14 June 2022 - Financial Sanctions Update: Russia Regime
27 May 2022 - Financial Sanctions Update: Cyber Regime
27 May 2022 - Financial Sanctions Update: Belarus Regime
27 May 2022 - Financial Sanctions Update: Russia Regime
24 May 2022 - Financial Sanctions Update: Iran (Nuclear) Regime
24 May 2022 - Financial Sanctions Update: Russia Regime
20 May 2022 - Financial Sanctions Update: Iraq Regime
20 May 2022 - Financial Sanctions Update: Global Anti-Corruption Regime
20 May 2022 - Financial Sanctions Update: Russia Regime
19 May 2022 - Financial Sanctions Update: Syria Regime
19 May 2022 - Financial Sanctions Update: Russia Regime
13 May 2022 - Financial Sanctions Update: Syria Regime
13 May 2022 - Financial Sanctions Update: Russia Regime
9 May 2022 - Financial Sanctions Update: Russia Regime
4 May 2022 - Financial Sanctions Update: Russia Regime
26 April 2022 - Financial Sanctions Update: Belarus Regime
21 April 2022 - Financial Sanctions Update: Russia Regime
21 April 2022 - Financial Sanctions Update: Iraq Regime
19 April 2022 - The Russia (Sanctions) (Overseas Territories) (Amendment) Order 2022
14 April 2022The above Order was made and came into force on 14 April 2022. The amendment order can be found here.
This Order makes amendments to the Russia (Sanctions) (Overseas Territories) Order 2020 (S.I. 2020/1571) (“the principal Order”).
The Russia sanctions regulations have been recently amended by the Russia (Sanctions) (EU Exit) (Amendment)(No. 2) Regulations 2022 (S.I. 2022/194), the Russia (Sanctions) (EU Exit)(Amendment) (No. 3) Regulations 2022 (S.I. 2022/195), the Russia (Sanctions) (EU Exit)(Amendment) (No. 4) Regulations 2022 (S.I. 2022/203), the Russia (Sanctions) (EU Exit)(Amendment) (No. 5) Regulations 2022 (S.I. 2022/205), the Russia (Sanctions) (EU Exit) (Amendment) (No. 6) Regulations 2022 (S.I. 2022/241) and the Russia (Sanctions) (EU Exit)(Amendment) (No. 7) Regulations 2022 (S.I. 2022/395) (together “the amending regulations”).
This Order makes the necessary amendments to the principal Order to give effect in the relevant British overseas territories to the changes made to the Russia sanctions regime by the amending regulations. Under the International Sanctions Regulations 2013 the Russia Regulations are extended to Bermuda as those regulations are amended “from time to time”. Accordingly, no further action is required to implement these changes.
- Financial Sanctions Update: Russia Regime
14 April 2022 - Financial Sanctions Update: Russia Regime
13 April 2022 - Financial Sanctions Update: Bosnia and Herzegovina Regime
11 April 2022 - Financial Sanctions Update: Russia Regime
8 April 2022 - Financial Sanctions Update: Russia Regime
6 April 2022 - Financial Sanctions Update: Russia Regime
5 April 2022 - Financial Sanctions Update: Russia Regime
4 April 2022 - Financial Sanctions Update: ISIL (Da'esh) and Al-Qaida Regime
4 April 2022 - Financial Sanctions Update: Russia Regime
31 March 2022 - Financial Sanctions Update: Russia Regime
31 March 2022 - Financial Sanctions Update: Russia Regime
30 March 2022 - Financial Sanctions Update: Belarus Regime
30 March 2022 - Financial Sanctions Update: Russia Regime
24 March 2022 - Financial Sanctions Update: Myanmar Regime
24 March 2022 - Financial Sanctions Update: Cyber Regime
24 March 2022 - Financial Sanctions Update: Russia Regime
24 March 2022 - Financial Sanctions Update: Belarus Regime
24 March 2022 - Financial Sanctions Update: Russia Regime
18 March 2022 - Financial Sanctions Update: Cyber Regime
18 March 2022 - Financial Sanctions Update: Chemical-weapons Regime
18 March 2022 - Financial Sanctions Update: Belarus Regime
18 March 2022 - Financial Sanctions Update: Zimbabwe Regime
18 March 2022 - Financial Sanctions Update: Russia Regime
15 March 2022 - Financial Sanctions Update: Counter-Terrorism (International) Regime
15 March 2022 - Financial Sanctions Update: Russia Regime
15 March 2022 - Financial Sanctions Update: Cyber Regime
15 March 2022 - Financial Sanctions Update: Counter-Terrorism (International) Regime
11 March 2022 - Financial Sanctions Update: Counter-Terrorism Regime
11 March 2022 - Financial Sanctions Update: Iran (Nuclear) Regime
11 March 2022 - Financial Sanctions Update: Russia Regime
11 March 2022 - Financial Sanctions Update: Republic of Guinea Bissau Regime
10 March 2022 - Financial Sanctions Update: Russia Regime
10 March 2022 - Financial Sanctions Update: ISIL (Da'esh) and Al-Qaida Organisations Regime
8 March 2022 - Financial Sanctions Update: Iran (Nuclear) Regime
8 March 2022 - Financial Sanctions Update: Iraq Regime
4 March 2022 - Financial Sanctions Update: Democratic People’s Republic of Korea Regime
4 March 2022 - Financial Sanctions Update: Iran (Nuclear) Regime
4 March 2022 - Financial Sanctions Update: ISIL (Da'esh) and Al-Qaida Organisations Regime
4 March 2022 - Financial Sanctions Update: Russia Regime
4 March 2022 - Financial Sanctions Update: Syria Regime
4 March 2022 - Financial Sanctions Update: Democratic People’s Republic of Korea Regime
3 March 2022 - Financial Sanctions Update: South Sudan Regime
3 March 2022 - Financial Sanctions Update: Russia Regime
3 March 2022 - Financial Sanctions Update: Democratic Republic of the Congo Regime
3 March 2022 - Financial Sanctions Update: Russia Regime
1 March 2022 - Financial Sanctions Update: Russia Regime
28 February 2022 - Financial Sanctions Update: Russia Regime
25 February 2022 - Financial Sanctions Update: Russia Regime
24 February 2022 - Financial Sanctions Update: Russia Regime
22 February 2022 - Financial Sanctions Update: Somalia Regime
21 February 2022 - Financial Sanctions Update: Russia Regime
18 February 2022 - Financial Sanctions Update: Belarus Regime
18 February 2022 - Financial Sanctions Update: Venezuela Regime
17 February 2022 - Financial Sanctions Update: Syria Regime
17 February 2022 - Financial Sanctions Update: Afghanistan Regime
16 February 2022 - Financial Sanctions Update: Belarus Regime
16 February 2022 - Financial Sanctions Update: Democratic People’s Republic of Korea Regime
16 February 2022 - Financial Sanctions Update: Democratic Republic of the Congo Regime
16 February 2022 - Financial Sanctions Update: Global Human Rights Regime
16 February 2022 - Financial Sanctions Update: Iraq Regime
16 February 2022 - Financial Sanctions Update: ISIL (Da’esh) and Al-Qaida Organisations Regime
16 February 2022 - Financial Sanctions Update: Libya Regime
16 February 2022 - Financial Sanctions Update: Russia Regime
16 February 2022 - Financial Sanctions Update: Somalia Regime
16 February 2022 - Financial Sanctions Update: Iran (Human Rights) Regime
16 February 2022 - Financial Sanctions Update: Syria Regime
14 February 2022 - Financial Sanctions Update: Russia Regime
14 February 2022 - Financial Sanctions Update: Zimbabwe Regime
14 February 2022 - Financial Sanctions Update: Afghanistan Regime
11 February 2022 - Financial Sanctions Update: ISIL (Da'esh) and Al-Qaida Organisations Regime
11 February 2022 - The Russia (Sanctions) (EU Exit) (Amendment) Regulations 2022
10 February 2022The above Order was made and came into force on 10 February 2022. The amendment order can be found here.
This instrument amends designation criteria under the Russia regime; an “involved person” incudes a person who is or has been involved in “obtaining a benefit from or supporting the Government of Russia”. Under the International Sanctions Regulations 2013 the Russia Regulations are extended to Bermuda as those regulations are amended “from time to time”. Accordingly, no further action is required to implement these changes.
- Financial Sanctions Update: Libya Regime
10 February 2022 - Financial Sanctions Update: Iran (Nuclear) Regime
10 February 2022 - Financial Sanctions Update: Democratic Republic of the Congo Regime
10 February 2022 - Financial Sanctions Update: South Sudan Regime
10 February 2022 - Financial Sanctions Update: Belarus Regime
8 February 2022 - Financial Sanctions Update: Myanmar Regime
8 February 2022 - Financial Sanctions Update: Counter-Terrorism (International) Regime
8 February 2022 - Financial Sanctions Update: Global Anti-Corruption Regime
8 February 2022 - Financial Sanctions Update: Venezuela Regime
4 February 2022 - Financial Sanctions Update: Belarus Regime
4 February 2022 - Financial Sanctions Update: Iran (Human Rights) Regime
2 February 2022 - Financial Sanctions Update: Venezuela Regime
2 February 2022 - Financial Sanctions Update: Libya Regime
2 February 2022 - Financial Sanctions Update: Myanmar Regime
31 January 2022 - Financial Sanctions Update: Libya Regime
31 January 2022 - Financial Sanctions Update: Iran (Human Rights) Regime
28 January 2022 - Financial Sanctions Update: Venezuela Regime
28 January 2022 - Financial Sanctions Update: ISIL (Da'esh) and Al-Qaida Organisations Regime
25 January 2022 - Financial Sanctions Update: Libya Regime
19 January 2022 - Financial Sanctions Update: ISIL (Da'esh) and Al-Qaida Organisations Regime
19 January 2022 - Financial Sanctions Update: Global Human Rights Regime
17 January 2022 - Financial Sanctions Update: Global Human Rights Regime
13 January 2022 - Financial Sanctions Update: ISIL (Da'esh) and Al-Qaida Organisations Regime
12 January 2022 - Financial Sanctions Update: South Sudan Regime
12 January 2022 - Financial Sanctions Update: ISIL (Da'esh) and Al-Qaida Organisations Regime
4 January 2022