Guidelines

Guidelines for imposing financial sanctions.

Background information

To an increasing degree, the EU applies the implementation of restrictive measures against third countries, including financial sanctions. After the terrorist attacks on the USA on 11 September 2001, the international community introduced restrictive measures against terrorism, with growing focus on the consequences of, in particular, the financial sanctions against terrorism.

Objective

The objective of this set of guidelines is to provide guidance, relating to restrictive financial measures, for enterprises, individuals and authorities in Denmark. The guidelines aim primarily to assist the individuals, enterprises and authorities that implement freezing of funds and economic resources, as well as the individuals and enterprises subject to the imposition of freezing.

The Guidelines describes the obligations and rights that proceed from imposition of freezing. The Guidelines endeavours to provide a step-by-step description of the measures that implementing and being subject to imposition of freezing are obligated or permitted to take. 

EU's database on sanctions in force

The EU has established a database of all designated persons, groups, legal entities, bodies etc. The database offers a consolidated list containing the names and identification details of all designees subject to EU provisions of freezing of assets. The EU Commission keeps the database up to date on a running basis.

The EU database also provides an overview of restrictive measures (Council decisions and regulations) adopted by the EU that are currently in force.

The database is an electronic publicly available search database. .