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Iraq

  • Last revised:06 August 2025

 

Purpose of the Sanctions Regime

This sanctions regime gives effect to United Nations Security Council Resolutions 661 (1990),1483 (2003) and successors UNSCRs.
Resolutions 661 and 1483 established a sanctions regime relating to Iraq, under which certain measures are imposed upon those named on the UN’s Iraq Sanctions List. They also established an arms embargo, and measures to prevent trade in Iraqi cultural property and other items of archaeological, historical, cultural, rare scientific, and religious importance illegally removed from Iraq.

Overview of current sanctions measures

Current sanction measures implemented by Jersey in relation to Iraq include:

  • asset freezes and restrictions on making funds and economic resources available to the former Government of Iraq and its state bodies, corporations or agencies, and persons connected with the former Iraqi regime
  • travel ban
  • prohibitions against the export, supply and/or delivery, the making available of, the transfer, or brokering of, military goods and military technology
  • prohibitions against export and import, supply and delivery, making available and acquisition of, or holding of illegally removed Iraqi cultural property
  • prohibitions against providing financial services, or funds, or brokering services, relating to illegally removed Iraqi cultural property
  • prohibitions against the holding or controlling illegally removed Iraqi cultural property
  • prohibitions against the satisfying of Iraqi claims with regard to contracts and transactions the performance of which was affected by United Nations Security Council Resolution 661 (1990) and related resolutions

Latest news

5 August 2025

The UNSC Sanctions List has been amended with immediate effect in Jersey. Further information can be found on the Jersey Gazette

*All published Latest News notices relating to financial sanctions, including those extending beyond the last 30 days, may be obtained from the Jersey Gazette

Jersey regime

The Sanctions and Asset-Freezing (Implementation of External Sanctions) (Jersey) Order 2021 (the Jersey Order)implements the Iraq (Sanctions) (EU Exit) Regulations 2020 (the UK Regulations).

Article 3 of the Jersey Order imposes the asset-freeze provisions in Part 3 of the Sanctions and Asset-Freezing (Jersey) Law 2019 (the SAFL) on any person listed by or under the UK Regulations. The Part 3 provisions also include, but are not limited to, Articles 15-17 of the SAFL on exceptions, licences, and circumventing prohibitions etc.

Offences

The offences for this regime are set out in both the SAFL and the Jersey Order.

Reporting obligations

Reporting obligations are set out at Article 32 of the SAFL and apply to all regimes in force. These obligations include requirements for a relevant financial institution to inform the Minister if:

  • it holds an account of a person, has entered into dealings or an agreement with a person or has been approached by or on behalf of a person, and
  • it knows, or has reasonable cause to suspect, that the person:
    • is a designated person, or;
    • has committed, is committing or intends to commit an offence under this Law, and 
  • the information or other matter on which the knowledge or reasonable cause for suspicion is based came to it in the course of carrying on its business.

Licences and exceptions

A Jersey General Licence, granted by the Minister, allows multiply parties to conduct specified activities that would otherwise be restricted by sanctions measures. Supervised persons must ensure that their activities are within the scope of the General Licence's terms and that they adhere to all its conditions.

The Minister may also grant a specific licence under the SAFL and/or the Jersey Order.

To apply for a specific sanctions licence a supervised person must complete the relevant Sanctions form and return the completed form to [email protected].

The FSIU provides guidance on sanctions licences and exceptions  on the Government of Jersey website Sanctions.

Legal acts

Jersey

  • Sanctions and Asset-Freezing (Jersey) Law 2019
  • Sanctions and Asset-Freezing (Implementation of External Sanctions) (Jersey) Order 2021

United Kingdom

  • The Iraq (Sanctions) (EU Exit) Regulations 2020

United Nations Security Council

Further information

Useful information is provided on gov.uk regarding Financial sanctions, Iraq

Sanctions evasion typologies examples: UNSC 1518 Sanctions Committee Annual Reports