The Ministry of Legal Affairs Financial Sanctions Implementation Unit (FSIU) provides important and current information related to sanctions to assist you with Bermuda’s Sanctions Regime compliance.
Every effort is made to ensure that this information is current but in order to ensure compliance with the most up-to-date sanctions measures, you are encouraged to refer directly to the relevant UK legislation and Bermuda laws and to seek legal advice where necessary.
As a way of providing information about the international sanctions measures currently in force in Bermuda, the
references the relevant UK legislation that extend these measures to Bermuda, as well as the local legislation which give effect to them. The UK financial sanctions targets by regime, which lists all financial sanctions imposed in the UK by country, administration or terrorist group, can be found here. Further, the Foreign, Commonwealth and Development Office (FCDO) publishes the UK Sanctions list which includes designations under all sanctions categories in the UK.
The primary Bermuda law that gives effect to international sanctions is the International Sanctions Regulations 2013 which lists the UK legislation that are given force of law in Bermuda. These regulations are amended from time to time as new measures are extended to the British Overseas Territories and as existing ones are repealed.
Licence Applications
The Minister of Legal Affairs is the competent authority under Bermuda’s Sanctions Regime. All sanctions-related licence applications, notifications and authorisations should be made to:
The Minister of Legal Affairs
Financial Sanctions Implementation Unit
Global House
43 Church Street
Hamilton HM 12
Email: fsiu@gov.bm
Bermuda General Licences
Targeted Financial Sanctions - Designated or Listed Persons
The application of targeted financial sanctions are part of the obligations imposed under the laws that make up Bermuda’s sanctions regime. These sanctions would be against the funds or property of designated or listed persons.
The international sanctions in force in Bermuda are essentially the same as those in the UK and the UK HM Treasury (Treasury) maintains a Consolidated List of individuals and entities subject to financial sanctions.
Therefore, in order to comply with these international measures, you should check the Consolidated List, which can be found on the UK HM Treasury website.
Persons and entities operating in Bermuda’s regulated financial sectors are obliged to implement such sanctions by:
- Checking whether they maintain any accounts or otherwise hold any funds or economic resources for designated or listed persons;
- Freezing such accounts or other funds and, unless the Minister has granted a licence, refraining from dealing with or making available such funds or economic resources to the designated or listed persons or any third party; and
- Notifying the Minister of the above.
As sanctions measures are subject to change, it is essential that ongoing screening is carried out.
Additionally, you should note that the targets included in the Consolidated List may at times be broader than the requirements of Bermuda’s Sanctions Regime. When the Consolidated List is updated as a result of new legislation or of changes to existing legislation, equivalent provisions in Bermuda may not yet have been implemented, although it is normally to be expected that such changes will be implemented in Bermuda shortly thereafter.
Furthermore, if the UK identifies targets in addition to those identified by the United Nations (UN), the Consolidated Lists for specific regimes may contain targets that are not included in the definition of designated persons or listed persons under the applicable UK legislation that is extended to Bermuda.
Information on the process for delisting a designated or listed person can be found in Chapter 8 of the FSIU Sanctions Guidance
The Consolidated List
In relation to the required screening for designated or listed persons, it is necessary to first make reference to the Consolidated List. If a target match is identified against the Consolidated List, it is then strongly recommended that cross-reference should be made to the relevant legislation in force in Bermuda (i.e. the relevant Orders (as amended) listed in Schedule 1 of the 2013 Regulations, and the Annexes to the relevant UN measures referred to in the definition of designated persons or listed persons in the Order. This will verify whether in fact the target match is also subject to the prohibitions under the Bermuda Sanctions Regime.
For example, in relation to the regime for Iran (Human Rights) if screening against the Consolidated List reveals a target match listed under Iran (Human Rights), then reference should be made to the definition of listed persons under The Iran (Sanctions) (Human Rights) (Overseas Territories) Order 2020 (SI 2020/1958), to confirm the same person is listed under that legislation.
The Consolidated List includes all the names of financial sanctions targets under United Nations Security Council Resolutions and UK legislation. The Consolidated List normally indicates whether the target is designated by the UN or the UK. The Consolidated List is divided by country, with separate sections for terrorist financing and Al-Qaida as well. The Treasury also provide individual Consolidated Lists for each of the individual regimes (e.g. Afghanistan, Syria etc.).
The following links provide access to the Treasury Guidance in relation to sanctions and to the consolidated list of persons constituting the target of financial sanctions in respect of each applicable Order, listed in Schedule 1 to the 2013 Regulations:
- Consolidated List of all Financial Sanctions Targets - Persons must ensure that they have read and understood the above GUIDANCE ON THE CONSOLIDATED LISTS
- Consolidated Lists by Regime - Persons must ensure that they have read and understood the above GUIDANCE ON THE CONSOLIDATED LISTS
- Treasury Guidance in relation to Consolidated Lists
Where relevant, reference can also be made to the Treasury guidance provided in relation to the sanctions regimes. Visit this site and select the link for the relevant individual regime, and then select the link for the relevant release provided at the bottom of the page.
The HM Treasury offers a free subscription facility, providing notification by email when the Consolidated List is updated or changes are made to the UK Sanctions Regime. You are required to provide your email address. When prompted you should select ‘All Financial Sanctions Updates’ to ensure that you are notified accordingly. Alternatively you may select specific financial sanctions topics such as those relating to Finance or Import/Export.
Bermuda current list of designated persons
Financial Sanctions Guidance and Frequently Asked Questions
The Financial Sanctions Guidance is produced by the Financial Sanctions Implementation Unit (FSIU), a unit of the Ministry of Legal Affairs Headquarters, which, pursuant to the Governor’s delegation, is responsible for carrying out certain functions with respect to the implementation of targeted financial sanctions for terrorism, terrorist financing and proliferation financing in Bermuda.
The Financial Sanctions FAQs set out the FSIU’s approach to common questions, taking into account the range of sanctions in place at the time of publication. They do not contain specific guidance for every situation. They should not be used as a substitute for legal advice.
The FAQs should be read alongside the Financial Sanctions Guidance published by the FSIU. You should also review the up-to-date legislation that applies to your particular circumstances. Consider taking independent legal advice if you are unsure of your obligations.
International Sanctions
Please see the most recent international sanctions updates below.
2025
- Financial Sanctions Update: Russia Regime
9 May 2025 - Sanctions Update: Russia Regime
9 May 2025
- C VIKING IMO 9261657 Unique ID: RUS2503
- SOFIA K IMO 9299123 Unique ID: RUS2504
- SOUL IMO 9263203 Unique ID: RUS2505
- SPRIT IMO 9248796 Unique ID: RUS2506
- TAI SHAN IMO 9405057 Unique ID: RUS2507
- TENDUA IMO 9299862 Unique ID: RUS2508
- THANE IMO 9237228 Unique ID: RUS2509
- THEMIS IMO 9264570 Unique ID: RUS2510
- THYA IMO 9283289 Unique ID: RUS2511
- TIBURON IMO 9283291 Unique ID: RUS2512
- TREND IMO 9231509 Unique ID: RUS2513
- CHEETAH II IMO 9222560 Unique ID: RUS2514
- CLYDE NOBLE IMO 9282792 Unique ID: RUS2515
- CORDELIA MOON IMO 9297888 Unique ID: RUS2516
- DAPHNE I IMO 9251456 Unique ID: RUS2517
- ELEPHANT IMO 9374868 Unique ID: RUS2518
- ELISE IMO 9277747 Unique ID: RUS2519
- ENIGMA IMO 9333412 Unique ID: RUS2520
- HERA IMO 9326720 Unique ID: RUS2521
- FIESTA IMO 9260823 Unique ID: RUS2522
- HU PO IMO 9319686 Unique ID: RUS2523
- FOTUO IMO 9293959 Unique ID: RUS2524
- INDRAS IMO 9314894 Unique ID: RUS2525
- INDUS 1 IMO 9360415 Unique ID: RUS2526
- ARGENT IMO 9293002 Unique ID: RUS2527
- GENJI IMO 9289738 Unique ID: RUS2528
- BLUE IMO 9236353 Unique ID: RUS2533
- BLUE TALU IMO 9334557 Unique ID: RUS2536
- FUGA BLUEMARINE IMO 9235725 Unique ID: RUS2538
- BONIFACY IMO 9284726 Unique ID: RUS2540
- CAI YUN IMO 9437983 Unique ID: RUS2542
- BEAST IMO 9290921 Unique ID: RUS2544
- DENEB IMO 9301524 Unique ID: RUS2545
- E MEI SHAN IMO 9290828 Unique ID: RUS2546
- EAST 1 IMO 9240885 Unique ID: RUS2547
- GAURI IMO 9270749 Unique ID: RUS2548
- GURUDEV IMO 9253234 Unique ID: RUS2549
- HATTI IMO 9247883 Unique ID: RUS2550
- VAYU 1 IMO 9290517 Unique ID: RUS2551
- VENUS III IMO 9599353 Unique ID: RUS2552
- VOLANS IMO 9422988 Unique ID: RUS2553
- WUDI IMO 9335094 Unique ID: RUS2555
- DELIVER IMO 9194983 Unique ID: RUS2556
- WU TAI IMO 9419151 Unique ID: RUS2558
- FIORA IMO 9282493 Unique ID: RUS2559
- XING CHEN IMO 9550682 Unique ID: RUS2560
- XUE SONG IMO 9428358 Unique ID: RUS2561
- YI TONG IMO 9259733 Unique ID: RUS2562
- RAVEN IMO 9205067 Unique ID: RUS2563
- REUS IMO 9253076 Unique ID: RUS2564
- RIGEL IMO 9296406 Unique ID: RUS2565
- SAATHI IMO 9402732 Unique ID: RUS2566
- SOFOS IMO 9278064 Unique ID: RUS2567
- HIMALAYA IMO 9314882 Unique ID: RUS2568
- HUANG HE IMO 9306627 Unique ID: RUS2569
- INA IMO 9308443 Unique ID: RUS2570
- IZOLA IMO 9249312 Unique ID: RUS2571
- JI LI I IMO 9384435 Unique ID: RUS2572
- JI SHUN IMO 9384447 Unique ID: RUS2573
- VENETIANS IMO 9436018 Unique ID: RUS2574
- KUSTO IMO 9308833 Unique ID: RUS2575
- LALIQUE IMO 9247792 Unique ID: RUS2576
- LEA I IMO 9277759 Unique ID: RUS2577
- LUCKY FAIRY IMO 9348479 Unique ID: RUS2578
- ZANGAZUR IMO 9420617 Unique ID: RUS2579
- CARCHARODON IMO 9258882 Unique ID: RUS2580
- CARUZO IMO 9137648 Unique ID: RUS2581
- CHANDRA IMO 9353125 Unique ID: RUS2582
- ARLAN IMO 9227443 Unique ID: RUS2583
- ATLANTICOS IMO 9282986 Unique ID: RUS2584
- AFKADA IMO 9311531 Unique ID: RUS2585
- AKAR WEST IMO 9258167 Unique ID: RUS2586
- ALISSA IMO 9273052 Unique ID: RUS2587
- AQUARIUS II IMO 9346873 Unique ID: RUS2588
- ARABESCA IMO 9288734 Unique ID: RUS2589
- SAINT IMO 9263198 Unique ID: RUS2590
- SANDHYA IMO 9352195 Unique ID: RUS2591
- SATURN I IMO 9655470 Unique ID: RUS2592
- SEA MARINE I IMO 9255830 Unique ID: RUS2593
- SEA MAVERICK IMO 9265885 Unique ID: RUS2594
- SEAL IMO 9263186 Unique ID: RUS2595
- MAINI IMO 9319870 Unique ID: RUS2596
- SEALION I IMO 9234501 Unique ID: RUS2597
- MAISAN IMO 9289776 Unique ID: RUS2598
- SEZAR IMO 9259991 Unique ID: RUS2599
- SHAANXI IMO 9338905 Unique ID: RUS2600
- MAISHA IMO 9232929 Unique ID: RUS2601
- MARABELLA SUN IMO 9323376 Unique ID: RUS2602
- MARBLE IMO 9323974 Unique ID: RUS2603
- MD MIRANDA IMO 9198290 Unique ID: RUS2604
- MILLEROVO IMO 9035541 Unique ID: RUS2605
- QUARTANUS IMO 9247443 Unique ID: RUS2606
- NACHOS IMO 9330604 Unique ID: RUS2607
- NARCISSUS IMO 9232931 Unique ID: RUS2608
- NAXOS IMO 9336426 Unique ID: RUS2609
- NEON IMO 9183295 Unique ID: RUS2610
- OASIS IMO 9265756 Unique ID: RUS2611
- ODUNE IMO 9229374 Unique ID: RUS2612
- OLIVE IMO 9318034 Unique ID: RUS2613
- PACIFICOS IMO 9288930 Unique ID: RUS2614
- VENGERY IMO 9451642 Unique ID: RUS2615
- Financial Sanctions Update: Russia Regime
1 May 2025 - Financial Sanctions Update: Syria Regime
25 April 2025 - Financial Sanctions Update: Syria Regime
24 April 2025 - Financial Sanctions Update: Global Anti-Corruption Regime
14 April 2025 - Financial Sanctions Update: Russia Regime
14 April 2025 - Financial Sanctions Update: Iran Regime
14 April 2025 - Financial Sanctions Update: Counter-Terrorism Regime
9 April 2025 - Sanctions Update: UK Sanctions List – Director Disqualification
9 April 2025 - Financial Sanctions Update: Global Anti-Corruption Regime
2 April 2025 - Financial Sanctions Update: Russia Regime
27 March 2025 - Financial Sanctions Update: Russia Regime
24 March 2025 - Financial Sanctions Update: Global Human Rights Regime
24 March 2025 - Financial Sanctions Update: Russia Regime
20 March 2025 - Financial Sanctions Update: Russia Regime
19 March 2025 - Financial Sanctions Update: Belarus Regime
19 March 2025 - Financial Sanctions Update: Global Human Rights Regime
19 March 2025 - Financial Sanctions Update: Russia Regime
7 March 2025 - Financial Sanctions Update: Syria Regime
6 March 2025 - Financial Sanctions Update: Russia Regime
28 February 2025 - Financial Sanctions Update: Global Anti-Corruption Regime
28 February 2025 - Financial Sanctions Update: Russia Regime
27 February 2025 - Financial Sanctions Update: Russia Regime
26 February 2025 - Financial Sanctions Update: Russia Regime
24 February 2025 - Sanctions Update: Russia Regime
24 February 2025
- ACHILLES IMO9368223 Unique ID: RUS2486
- EASTERN GLORY IMO9319674 Unique ID: RUS2480
- GANGA IMO9378620 Unique ID: RUS2492
- SAMUDRA IMO9337901 Unique ID: RUS2494
- GREAT JACOMBO IMO9319703 Unique ID: RUS2487
- SURYA IMO9388742 Unique ID: RUS2489
- IONIA IMO9310525 Unique ID: RUS2481
- JUMBO IMO9290335 Unique ID: RUS2483
- JUN MA IMO9353113 Unique ID: RUS2488
- BAI LU IMO9388780 Unique ID: RUS2484
- UTAKI IMO9262924 Unique ID: RUS2454
- NICHOLE IMO9332822 Unique ID: RUS2456
- OCEAN EMBRACE IMO9327372 Unique ID: RUS2458
- EDERRA IMO9258026 Unique ID: RUS2460
- TEMIRO IMO9209972 Unique ID: RUS2461
- NOBLE IMO9333400 Unique ID: RUS2462
- WILMA II IMO9247431 Unique ID: RUS2463
- PRAVASI IMO9409467 Unique ID: RUS2464
- YURI SENKEVICH IMO9301419 Unique ID: RUS2467
- NIKOLAY ZADORNOV IMO9901037 Unique ID: RUS2485
- VICTOR KONETSKY IMO9301421 Unique ID: RUS2465
- VIKTOR TITOV IMO9301407 Unique ID: RUS2469
- CRIUS IMO9251274 Unique ID: RUS2471
- CHEN LU IMO9404948 Unique ID: RUS2472
- PROSPERITY IMO9322956 Unique ID: RUS2473
- ELECTRA IMO9307815 Unique ID: RUS2474
- ARIA IMO9397559 Unique ID: RUS2475
- UNITY IMO9388792 Unique ID: RUS2476
- SAURI IMO9266475 Unique ID: RUS2477
- CORUM IMO9544281 Unique ID: RUS2478
- FU HAI WAN IMO9368235 Unique ID: RUS2490
- JI XIANG IMO9384459 Unique ID: RUS2497
- MA JIN IMO9346744 Unique ID: RUS2502
- RU YI IMO9345623 Unique ID: RUS2491
- JALDHARA IMO9304825 Unique ID: RUS2498
- WISDOMS DAUGHTER IMO9332834 Unique ID: RUS2495
- YANGTZE IMO9274800 Unique ID: RUS2499
- KIRA K IMO9346720 Unique ID: RUS2496
- DESTAN IMO9388766 Unique ID: RUS2500
- JUPITER I IMO9599341 Unique ID: RUS2501
- Financial Sanctions Update: Global Human Rights Regime
19 February 2025 - Financial Sanctions Update: Russia Regime
14 February 2025 - Financial Sanctions Update: Cyber Regime
11 February 2025 - Financial Sanctions Update: Russia Regime
10 February 2025 - Financial Sanctions Update: Russia Regime
30 January 2025 - Financial Sanctions Update: Belarus Regime
27 January 2025 - Financial Sanctions Update: Venezuela Regime
17 January 2025 - Financial Sanctions Update: Russia Regime
15 January 2025 - Financial Sanctions Update: Russia Regime
14 January 2025 - Financial Sanctions Update: Russia Regime
10 January 2025 - Financial Sanctions Update: Venezuela Regime
10 January 2025 - Financial Sanctions Update: Russia Regime
9 January 2025 - Financial Sanctions Update: Counter Terrorism Regime
8 January 2025 - Financial Sanctions Update: Libya Regime
2 January 2025