Yemen

Information correct as of: 23rd March 2017 

Latest Updates

 UN S/Res/2342(2017) Extends asset freeze and travel ban on all designated entities until 28 Feb 2018.
 US
 EU/UK  

 

                                                                                                                                                                                                             

Financial/Other Sanctions

UN S/Res/2140 (2014) - wef 26 Feb 2014
US EO 13611 (May 2012)
EU/UK 2014/932/CFSP - wef: 19 Dec 2014

 

                                                                                                                                                                                                             

Arms Embargo

UN No
US No
EU/UK No

 

                                                                                                                                                                                                             

Further Details

UN S/Res/2140(2014) - effective from 26 Feb 2014 imposes asset freeze & travel ban on all designated individuals & entities. S/Res/2342(2017) Extends asset freeze and travel ban on all designated entities until 28 Feb 2018. 14 Apr 2015 S/Res/ 2216/2015 adds individuals to asset freeze and travel ban and also imposes arms embargo on Houthi Rebels in Yemen. 
US EO 13611 blocks the property of persons threatening the peace, security or stability of Yemen. On 9 Nov 2012, OFAC issued the new Yemen Sanctions Regulations, 31 CFR part 552, to implement & provide guidance on EO 13611 of 16 May 2012. SDN updated periodically.
EU/UK Council Decision: 2014/932/CFSP imposes asset freeze and travel ban on those who are engaging in or providing support for acts that threaten the peace, security or stability of Yemen. SDN list updated periodically.

 

This information has been collated by the International Underwriting Association of London and is intended as a guide only. The IUA does not accept any liability for the accuracy of this information.
This publication is intended to convey only general information about sanctions legislation and associated insurance coverage. It is not, and is not intended to be, a complete statement of the law relating to this area. It should not be relied on or be used as a substitute for legal advice in relation to any particular set of circumstances. Accordingly, IUA does not accept any liability for any loss which may arise from reliance on this information.