Ukraine
On 25 February the sanctions regime was changed in response to actions by Russia that destabilise the situation in Ukraine. The restrictive measures published in the European Official Journal concern:
- Council Decision (CFSP) 2022/327 of 25 February 2022 amending Decision 2014/512/CFSP concerning restrictive measures in response to actions by Russia destabilising the situation in Ukraine. Click here to read it in the Official Journal of the European Union.
- Regulation (EU) 2022/328 of 25 February 2022 amending Regulation (EU) No 833/2014 concerning restrictive measures in response to actions by Russia destabilising the situation in Ukraine. Click here to read the relevant legislative texts in the Official Journal of the European Union.
- Council Decision (CFSP) 2022/329 of 25 February 2022 amending Decision 2014/145/CFSP concerning restrictive measures to actions that undermine or threaten the territorial integrity, sovereignty and independence of Ukraine. Click here to read the relevant legislative texts in the Official Journal of the European Union.
- Council Regulation (EU) 2022/330 of 25 February 2022 amending Regulation (EU) 269/2014 concerning restrictive measures to actions that undermine or threaten the territorial integrity, sovereignty and independence of Ukraine. Click here to read the relevant legislative texts in the Official Journal of the European Union.
- Council Decision (CFSP) 2022/331 of 25 February 2022 amending Decision 2014/145/CFSP concerning restrictive measures to actions that undermine or threaten the territorial integrity, sovereignty and independence of Ukraine. Click here to read the relevant legislative texts in the Official Journal of the European Union.
- Council Implementing Regulation (EU) 2022/332 of 25 February 2022 implementing Regulation (EU) 269/2014 concerning restrictive measures to actions that undermine or threaten the territorial integrity, sovereignty and independence of Ukraine. Click here to read the relevant legislative texts in the Official Journal of the European Union.
- Council Decision (EU) 2022/333 of 25 February 2022 on the partial suspension of the application of the Agreement between the European Community and the Russian Federation on the facilitation of the issuance of visas to the citizens of the European Union and the Russian Federation. Click here to read the relevant legislative texts in the Official Journal of the European Union.
What institutions supervised by DNB should do
- Check whether this regulation applies (for example, to your customers, members or investments made).
- If this regulation applies, immediately follow up its orders and prohibitions: freeze the funds and/or economic resources and prevent the funds and/or economic resources from being made available, whether directly or indirectly. Prevent the provision of prohibited financial services.
- If DNB has any questions about your notification, you should answer them immediately.
- In certain cases, a 'hit' can be regarded as an unusual transaction within the meaning of the Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen en financiering van terrorisme – Wwft). If so, report this transaction to FIU-the Netherlands.
- This is an additional news service. Institutions retain the responsibility to stay abreast of and comply with sanctions legislation in a timely and accurate manner.
If you have any questions, ask the appropriate authority. More information is available on the Open Book on Supervision pages on our website.
What institutions supervised by AFM should do
- Check whether this regulation applies (for example, to your customers, to counterparties involved in a financial transaction or product, or to the financial services you provide).
- If this regulation applies, immediately follow up its orders and prohibitions; freeze the funds and/or economic resources and prevent the funds and/or economic resources from being made available, whether directly or indirectly, and refrain from providing prohibited financial services.
- Report any hits immediately by completing the form and sending it to the AFM by email at meldingsanctiewet@afm.nl. You can read the instructions on the AFM's website.
- If the AFM has any questions about your notification, you should answer them immediately. In certain cases, a 'hit' can be regarded as an unusual transaction within the meaning of the Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen en financiering van terrorisme – Wwft). If so, report this transaction to FIU-the Netherlands.
In certain cases, a hit can also be an incident in the sense of Section 1 of the Decree on Business Conduct Supervision of Financial Enterprises (Besluit Gedragstoezicht financiële ondernemingen – BGfo). If so, report the hit as an incident to the AFM.
