#52026XG03316R(01)EU corrigendum to Ukraine sanctions notice on asset reporting duties
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This corrigendum corrects an EU sanctions notice so it clearly covers not only natural persons, but also legal persons, entities and bodies listed under the EU’s Ukraine-related restrictive measures. Listed parties must report funds or economic resources in an EU Member State that they own, hold or control, and must cooperate with national authorities checking that information. Failure to report can be treated as an attempt to bypass asset-freeze rules.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Corrects the sanctions notice so it applies to natural and legal persons, entities and bodies
- Restates the duty for listed parties to report funds and economic resources in EU Member States
- Confirms that failure to report can be treated as circumvention of asset-freeze measures
Obligations
What this law requires
Natural and legal persons, entities, and bodies listed in Annex I to Regulation (EU) No 269/2014 must report any funds or economic resources within the jurisdiction of an EU Member State that belong to, are owned, held, or controlled by them to the competent authority of the Member State where those funds or economic resources are located.
Listed natural and legal persons, entities, and bodies must cooperate with the relevant national competent authority in any verification of reported funds or economic resources information.
The required funds or economic resources information must be sent to the competent authority of the relevant EU Member State through the authority website indicated in Annex II to Regulation (EU) No 269/2014.