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The Liberia (Freezing of Funds and Economic Resources) (Amendment) Regulations 2004
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- 2004 No. 1710
- Explanatory Note
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Explanatory Note
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Council Regulation (EC) No 872/2004 of 29 April 2004 (“the Council Regulation”) imposes a freeze on the funds and economic resources of former Liberian President Charles Taylor and certain other persons associated with him as designated by the Committee established by paragraph 21 of UN Security Council Resolution 1521 (2003) (“the UN Sanctions Committee”) and listed in Annex I to that Regulation. On 14 June 2004 the UN Sanctions Committee decided to add a number of additional associates of former Liberian President Charles Taylor to the list of designated targets. Commission Regulation (EC) No 1149/2004 of 22 June 2004 accordingly amends the Council Regulation by replacing Annex I with an extended list of persons subject to restrictive measures.
The Liberia (Freezing of Funds and Economic Resources) Regulations 2004 provide that breaches of certain provisions of the Council Regulation, and certain other acts and omissions, are criminal offences. The present Regulations amend those Regulations so that they refer to the Council Regulation as amended by Commission Regulation (EC) No 1149/2004.
A full regulatory impact assessment has not been produced for this instrument as it has no impact on the costs of business.
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