Nicaragua sanctions: guidance
Statutory guidance for the Nicaragua sanctions regime, plus a summary of its purposes, scope and prohibitions.
Documents
Details
The Nicaragua (Sanctions) (EU Exit) Regulations 2020, and certain other regulations, are in force to meet the UK’s policy objectives.
This summary gives a quick overview of the sanctions in place under the regime. It is not comprehensive and is not a replacement for the statutory guidance or the regulations themselves.
Summary
Regime is limited in scope to sanctions targeting designated persons only.
Designated persons
The UK Sanctions List tells you who is designated under the regime and which sanctions have been applied to them. A designated person can be an individual, a business or an organisation.
The statutory guidance lists in detail the sanctions that can apply in respect of designated persons, including:
- an asset freeze on their funds and other assets
- making available funds or economic resources to them or for their benefit
- director disqualification
- immigration sanction (travel ban)
Sanctioned goods and services
There are no sanctions that apply in respect of goods and services under this regime.
Updates to this page
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Added summary of the regime's purposes, scope and prohibitions.
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Page has been updated for better clarity and usability. No material changes to text.
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Page navigation and links have been updated for better usability. No material changes to text.
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These changes reflect the Sanctions (EU Exit) (Miscellaneous Amendments) (No.2) Regulations 2024 and taken together make a range of technical changes with the purpose of improving OFSI’s ability to gather intelligence on industry’s compliance with financial sanctions, strengthen OFSI’s enforcement powers, enable OFSI to conduct its licensing responsibilities more efficiently, and clarify financial sanctions legislation where there is existing uncertainty.
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Amended to include guidance on director disqualification legislation
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First published.