In view of the situation in Tunisia, the Council of the European Union has issued a regulation on restrictive measures directed against certain persons, entities and bodies.

The mechanisms are the instruments that have already been applied in similar regulations on the freezing of funds and economic resources owned or held by the natural and legal persons, entities and bodies listed in the Annex to the Regulation.

This is supplemented by the prohibition of directly or indirectly making funds or economic resources available to the listed natural and legal persons, entities and bodies (Article 2 (1) and (2) of the Regulation).

Articles 4 and 5 of the Regulation stipulate approval criteria pursuant to which, subject to strict conditions, exceptions to the prohibitions of Article 2 can be permitted.

In practical terms, one must ensure that the new restrictive measures against natural and legal persons, entities and bodies of Tunisia are implemented in the existing screening processes.

The text of Council Regulation (EU) No. 101/2011 can be retrieved here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.