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Restrictive measures against Iran

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Overview of current sanctions measures

Current financial sanction measures implemented by Jersey in relation to Iran include:

  • Freezing of funds and economic resources
  • Travel restrictions
  • Arms embargo
  • Sanctions related to missile technology
  • Restrictions on certain nuclear-related transfers and activities
  • Provisions concerning certain metals and software which are subject to an authorisation regime
  • Certain import and export restrictions

Latest news

19 June 2020

Council Implementing Regulation (EU) No 2020/847 (the Amending Regulation) was published in the Official Journal of the European Union by the Council of the European Union. The Amending Regulation amended Annex IX to the Regulation (EU) 267/2012 imposing financial sanctions in relation to Iran ((Nuclear Proliferation) sanctions regime. 10 entries have been updated and are still subject to an asset freeze with effect from 20 June 2020.

8 April 2020

Council Implementing Regulation (EU) No 2020/510 (the Amending Regulation) was published in the Official Journal of the European Union by the Council of the European Union. The Amending Regulation amended Annex I to the Regulation (EU) 359/2011 imposing financial sanctions in relation to Iran (Human Rights). 82 entries have been updated on the consolidated list and are still subject to an asset freeze with effect from 8 April 2020.

18 November 2019

​Corrigenda to Council Regulation (EU) 267/2012 was published in the Official Journal of the European Union​. ​One entry has been corrected on the consolidated list and is still subject to the asset freeze.​

28 May 2019

Council Implementing Regulation (EU) No 2019/855 (the Amending Regulation) was published in the Official Journal of the European Union by the Council of the European Union. Council Regulation (EU) 267/2012 (“the Regulation”) imposing financial sanctions in relation to Iran (Nuclear Proliferation) has been amended. 17 entries have been updated on the consolidated list and are still subject to an asset freeze with effect from 29 May 2019.

9 April 2019

Council Implementing Regulation (EU) No 2019/560 (the Amending Regulation) was published in the Official Journal of the European Union. The entries listed in the Annex to Council Regulation (EU) 359/2011 (“the Regulation”) imposing financial sanctions against Iran (Human Rights) have been amended and are still subject to an asset freeze and other restrictive measures extended until 13 April 2020.

Jersey regime

In 2006, the UN Security Council imposed certain restrictive measures (including asset freezes) against persons determined by the UN as engaging in, directly associating with, or providing support for, Iran’s proliferation-sensitive nuclear activities or the development of nuclear weapon delivery systems. In order to comply with the UNSCR 1737 (2006), 1803 (2008) and 1929 (2010), the EU adopted Council Regulation (EU) No 267/2012 of 23 March 2012 concerning restrictive measures against Iran [targeting nuclear proliferation] and Repealing Regulation (EU) 961/2010.

Following implementation of the Joint Comprehensive Plan of Action (JCPOA) in July 2015 and the adoption of Resolution 2231 (2015) by the UN Security Council, the EU adopted Council Regulation (EU) 2015/1861 of 18 October 2015 amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran. The Regulation came into effect on 16 January 2016 and significantly reduced the scope of financial sanctions against Iran. Full information on the EU sanctions lifted under the JCPOA is provided in an Information note issued by the EU on 23 January 2016.

However, a number of proliferation-related measures and restrictions remain in place even after Implementation Day. These concern inter alia the arms embargo, restrictive measures related to missile technology, restrictions on certain nuclear-related transfers and activities, and provisions concerning certain metals and software which are subject to an authorization regime.

It is important to note that while some sanctions have been lifted completely, there are still certain individuals and entities subject to certain restrictive measures under the nuclear proliferation regime under Council Regulation (EU) No 359/2011 of 12 April 2011 concerning restrictive measures directed against certain persons, entities, and bodies in view of the situation [human rights violations] in Iran.

There is also a possibility for the EU to reintroduce the sanctions that were lifted – known as ‘snapback’, should there be evidence of a significant non-performance by Iran of its commitments under the JCPOA.

The EU Legislation (Sanctions – Iran) (Jersey)Order 2015( the Iran Order) (in force from 27 February 2015) gives effect to and applies Council Regulation (EU) No 359/2011 and Council Regulation (EU) No 267/2012 (the Implemented Regulations) in Jersey.

The Order contains an ambulatory reference (Article 2) to the Annexes to the Implemented Regulations. The effect of ambulatory provisions is such that whenever the Annexes to the Implemented Regulations are amended (new entries added, existing entries modified or removed) that change takes effect automatically in Jersey without the need for any amendment to this Order.

Under the Sanctions and Asset-Freezing (General Provisions) (Jersey) Order 2019 (the GPO) all of the standard general provisions, contained in Articles 3 to 8 of the GPO, must be read as part of the Iran Order. As this Order is also a “prior EU sanctions Order” for the purposes of the GPO, the additional provisions in the Schedule to the GPO must be read as part of the Iran Order.

As stipulated in Iran Order, any person who:

  • contravenes Article 1a(1), 1b(1), 1c or 2 of the Council Regulation (EU) No 359/2011; or
  • contravenes Article 2a(1), 3a(1), 3a(3), 4a, 4b, 4c, 5, 10d(1), 15a(1), 23, 23a(1), 23a(2), 23a(3), 23a(4), 36, 37 or 41 of the Council Regulation (EU) No 267/2012; or
  • intentionally furnishes false information or a false explanation to any person (the Minister or any authorised person by the Minister) exercising powers under paragraph 1 of the Schedule to the GPO; or
  • with intent to evade furnishing information or producing documents in accordance with paragraph 1 of the Schedule to the GPO, destroys, mutilates, defaces, secretes or removes any document, or

any person who, without reasonable excuse:

  • contravenes Article 3a(6a), 3c(2a), 3d(2a) or 40(1) of the Council Regulation (EU) No 267/2012; or
  • contravenes Article 9(1) of Regulation (EU) No 359/2011; or
  • fails to comply with a request for information (or for a document or an explanation), made by the Minister (or by a person authorised by the Minister) under paragraph 1 of the Schedule to the GPO,

is guilty of an offence and liable on conviction to a term of imprisonment and a fine.

Legal acts

United Nations Security Council Resolutions

  • UNSCR 1737 (2006)
  • UNSCR 1803 (2008)
  • UNSCR 1929 (2010)
  • UNSCR 2231 (2015)

As there is no UN Sanctions Committee in respect of Iran, the relevant UN Resolutions could be found individually on UNSCR website search.

European Union

As the original EC Council Regulations have been subject of various amendments, the individual amending EU Regulations and the latest consolidated version of the original EC Council Regulations can be found on the EUR-LEX website

To view the latest consolidated version using this website enter the number of the Regulation you wish to view into the search bar. This should bring up the relevant Regulation as the top search hit. Then click on the date which is hyperlinked after ‘Latest consolidated version’.

Jersey Legislation on Jersey Legal Information Board website

  • EU legislation (Sanctions – Iran) (Jersey) Order 2015
  • Sanctions and Asset-Freezing (General Provisions) (Jersey) Order 2019
  • Sanctions and Asset-Freezing (Jersey) Law 2019

Further information

Useful information is provided on gov.uk regarding Financial sanctions Iran, human rights  and Financial Sanctions Iran, nuclear proliferation

Regulator Information

Abbreviation: JFSC
Jurisdiction: Jersey

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