BMA publishes UK sanctions involving New IRA
New sanctions published to the Bermuda Monetary Authority website for the first time have targeted Northern Ireland related terrorism.
The sanctions come under Domestic Counter-Terrorism Regulations, issued from HM Treasury’s Office of Financial Sanctions Implementation.
The British Government sends, and the BMA publishes, such notices regularly, which businesses and individuals are required to take note of, to ensure they abide by the sanctions.
Here, it includes a full asset freeze against an individual they have reasonable cause to suspect is involved in terrorist activity by facilitating terrorism and associating with members of the New Irish Republican Army.
Those with connections are expected to report them to the appropriate authorities.
The Treasury press statement said that Brian Anthony Sheridan, born in Armagh, Northern Ireland, is further suspected of providing, or assisting others in providing, financial services or making available funds or economic resources for the New IRA.
The UK Treasury statement said: “All funds and economic resources in the UK-owned, held or controlled by Sheridan are frozen. This designation will prevent all UK persons and entities from maintaining any direct or indirect financial relationship with him or any of the companies he owns or controls without a licence from HM Treasury.”
The government statement quoted Tulip Siddiq, Economic Secretary to the Treasury: “This action is the first use of the Treasury-led domestic counter terrorism financial sanctions regime targeting Northern Ireland related terrorism.
“This designation reflects this government’s commitment to protecting the peaceful consensus of the people of Northern Ireland, and to upholding the principles of the Good Friday Agreement in support of the UK’s wider efforts to protect national security for all citizens.”
Mr Sheridan and his associated company, Brisher Ltd, is subject to an asset freeze in Britain, the Crown Dependencies and Overseas Territories.
Under the Counter-Terrorism Regulations, it is an offence for any British person or entity to maintain any direct or indirect financial relationship with him or any of the companies he owns or controls without a licence from HM Treasury.
Mr Sheridan was said to be involved in terrorist activity by facilitating terrorism, or by providing financial services, or making available funds or economic resources, for the purposes of terrorism.
It is alleged he supported or assisted others involved in providing financial services, or making available funds or economic resources, for the purposes of terrorism.
HM Treasury said: “Sheridan is associated with persons who are or have been involved in terrorist activity, namely the New IRA, and various supporters thereof”.
• For the latest sanctions notifications, see Related Media
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