#52026XG02775EU Notice on Asset Reporting Duties for Russia-Ukraine Sanctions Listed Parties
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice reminds people, companies, entities, and bodies listed under the EU’s Ukraine-related sanctions regime that they must report funds or economic resources they own, hold, or control within an EU Member State. Listed parties must send this information to the national authority in the Member State where the assets are located and cooperate with any checks. Failing to report or cooperate can be treated as an attempt to get around the asset-freeze rules.
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Key Changes
- Reminds listed parties that they must report funds and economic resources located in EU Member States
- Requires cooperation with national authorities when reported asset information is checked
- Warns that failure to report or cooperate may be treated as circumvention of EU asset-freeze measures
Obligations
What this law requires
Report all funds or economic resources within the jurisdiction of an EU Member State that belong to, are owned, held, or controlled by the listed person, entity, or body to the competent authority of the Member State where those assets are located.
Submit the required asset information to the competent authority of the relevant EU Member State using that authority’s website as indicated in Annex II to Regulation (EU) No 269/2014.
Cooperate with the national competent authority in any verification of the reported funds or economic resources information.