Guidance

Financial sanctions, Syria

This page contains the current list of those subject to sanctions under the financial sanctions Syria regime as well as information on the relevant regulations.

Documents

Details

Sanctions

Syria is currently subject to financial sanctions put in place by the European Union (EU) and, therefore, imposed by the UK as a member of the EU.

You can view Council Regulation (EU) No 36/2012 on restrictive measures in Syria online.

Implementation date

Financial sanctions have been imposed by the EU since 2011.

Context

The Syria regime imposes asset freezes on those identified as being responsible for the violent repression of the civilian population in Syria.

There are several financial restrictions on those listed in relation to the:

  • sale or purchase of certain Syrian public or guaranteed bonds
  • establishment of new banking relationships and
  • provision of certain insurance and re-insurance products.

There are further restrictions on the:

  • purchase of certain goods in Syria and
  • the export of such goods to Syria.

Exemptions

There are no licencing grounds available for the restrictions listed above. However, specific exemptions apply to certain activities, such as:

Organisations providing humanitarian assistance to the civilian population in Syria are exempt from the prohibitions outlined in Article 6 of Council Regulation (EU) No 36/2012 if they have received funds from the:

  • UK Government
  • EU Commission
  • EU Member States

Those who don’t receive such public funds will need to apply for a licence both from the Export Control Organisation (ECO) and OFSI. Please visit OFSI’s licensing page and ECO’s web pages for more information.

There are no exemptions for prohibitions in the relevant counter-terrorism sanctions regimes.

For more information about these regimes, please visit the OFSI’s page on terrorist financing

EU regulations

You can view Council Regulation (EU) No 36/2012 on restrictive measures in Syria online.

You can find the most recent amendments to the Regulation by searching on EUR-Lex – an online database that provides free access to EU law, international agreements and other public documents. Just:

  • enter the Regulation number into the search bar
  • open the relevant page and
  • click ‘document information’

The European Commission has provided Frequently Asked Questions on EU restrictive measures in Syria to clarify certain provisions of EU Council Regulation No. 36/2012 and to facilitate its implementation.

UK regulations

UK Regulations and amendments relating to the Syria (European Union Financial Sanctions) Regulations 2012:

Published 4 June 2013
Last updated 19 March 2018 + show all updates
  1. Updated with latest HM Treasury notice, 19/03/2018, Syria (Reg 2018/420)
  2. Updated with latest HM Treasury notice 27/02/2018 Syria (Reg 2018/282)
  3. Updated links to Council Regulation
  4. Updated to provide more clarity
  5. Updated with latest HM Treasury notice 27/09/2017 Syria (Reg 2017/1751)
  6. Updated text on the page to improve clarity
  7. Latest HM Treasury Notice, 21/05/2017, Syria
  8. Updated with latest HM Treasury Notice, 18/07/2017, Syria (Reg 2017/1327)
  9. Updated with latest HM Treasury notice, 11/07/2017, Syria (Reg 2017/1241)
  10. Updated with latest HM Treasury notice 16/06/2017 Syria
  11. Updated with latest HM Treasury Notice, 07/06/2017, Syria (Reg 2017/907)
  12. Updated with Latest HM Treasury Notice, 21/03/2017, Syria (Reg 2017/480)
  13. Link added to 'Current EU regulations' section.
  14. Updated with: Latest HM Treasury notice, 09/12/2016, Syria (Reg 2016/2137)
  15. Updated with: Latest Treasury Notice, 17/11/2016, Syria (Reg 2016/1996)
  16. Updated to include: Latest HM Treasury notice, 15/11/2016, Syria (Reg 2016/1984)
  17. Updated with: HM Treasury notice, 28/10/2016, Syria (Reg 2016/1893)
  18. Updated with HM Treasury notice, 21/09/2016, Syria (Reg 2016/1735)
  19. Updated list: OFSI, 02/06/2016, Syria Reg (2016/840)
  20. New notice and list published
  21. Updated to include latest notice
  22. Amend to page main text, no amends to list - Council Regulation (EU) No 2015/82 added under 'current EU regulations'
  23. New notice Syria (Reg 2015/961) added
  24. Updated list - due to notice 36/2012
  25. amending Regulation (EU) No 36/2012
  26. Updated sanctions list added
  27. Updated to include latest notice
  28. Updated with (Reg 2015/108)
  29. Updated with latest notice and links to EU Council Regulation
  30. Updated to include Syria (Reg 1105/2014)
  31. updated list
  32. Added notice Syria (Reg 1013/2014)
  33. corrected regime list
  34. added notice: Syria (Reg 793/2014)
  35. added notice (Reg 693/2014)
  36. New notice and updated list of designated persons published
  37. added new notice
  38. added Latest HM Treasury Notice, 17/12/2013 Syria
  39. added 16.08.2013 The Syria (European Union Financial Sanctions) (Amendment No. 2) Regulations 2013 (S.I. 2013/1876) 07.05.2013 The Syria (European Union Financial Sanctions) (Amendment) Regulations 2013 (S.I. 2013/877)
  40. New notice published on 08/08/13
  41. added Latest HM Treasury Notice , 24.07.2013 Syria (Reg 697/2013)
  42. First published.