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Isle of Man Government — News·IM·

Sanctions Lists Update: Russia

This news release is issued to publicise the addition of two entries, the correction of two entries and the removal of two entries on the UK sanctions list. On 2 October 2026 the Foreign, Commonwealth and Development Office updated the UK Sanctions List . Further information can be found in the Annex to this Notice . What you must do in relation to additions or corrections If, through your sanctions compliance programme, you identify a possible match to a person or entity included in the Sanctions Lists, and you hold or otherwise deal with funds or economic resources of that person: You must immediately freeze any assets you hold or otherwise deal with belonging to that person (assets includes funds and economic resources, owned directly or indirectly by that person) You must review the information you hold for that person against the Sanctions Lists to establish whether you have a true match or a 'false positive' ( see the Financial Sanctions General Guidance ) Where a true match is confirmed, do not deal with those assets or make them available to, or for the benefit of the designated person unless: You have a legal exemption You have a licence You must report the frozen assets t

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