UN and EU Sanctions

The Financial Action Task Force (FATF) stipulates in its Recommendation 6 that countries should implement targeted financial sanctions regimes to comply with United Nations Security Council resolutions relating to the prevention and suppression of terrorism and terrorist financing. The resolutions require countries to freeze without delay the funds or other assets of, and to ensure that no funds or other assets are made available, directly or indirectly, to or for the benefit of, any person or entity either (i) designated by, or under the authority of, the United Nations Security Council under Chapter VII of the Charter of the United Nations, including in accordance with resolution 1267 (1999) and its successor resolutions; or (ii) designated by that country pursuant to resolution 1373 (2001).

Sint Maarten is obliged to implement above mentioned international sanctions on the basis of Article 25 of the Charter of the United Nations and Article 3 of the Statute of the Dutch Kingdom. It benefits the effectiveness of sanctions as an instrument of international policy when national legislation implements these sanctions without delay. The United Nations (UN) and European Union (EU) have listed all natural persons, entities and institutions on so called consolidated sanctions lists that can be found on the following links to their official websites.