delete The Afghanistan (United Nations Sanctions) (Isle of Man) (Amendment) Order 2001
This Order amends the Afghanistan (United Nations Sanctions) (Isle of Man) Order 2001 to implement UN Security Council resolutions 1267 and 1333, extending financial sanctions targeting the Taliban and Usama bin Laden to the Isle of Man. It adds definitions of 'person connected with the Taliban' and 'working day', modifies provisions on making funds available to the Taliban (article 8), suspicion-based fund freezing (article 9), and makes technical amendments to articles 22, 23, and 25.
This regulation reflects the pre-Brexit inheritance of EU sanctions law without democratic scrutiny. The resolution-based definitions delegate lawmaking to the UN Security Council, circumventing Parliament. The Isle of Man extension compounds regulatory complexity with minimal democratic accountability (Isle of Man Tynwald). Financial sanctions compliance imposes substantial costs on City institutions with questionable effectiveness against determined actors. Modern consolidated legislation (Terrorist Asset-Freezing Act 2010, Sanctions and Anti-Money Laundering Act 2018) has superseded much of this regime, making this 2001 amendment redundant and confusing.