
Article 1 
For the purposes of this Regulation, the following definitions shall apply:

1.. ‘Sanctions Committee’ means the Committee of the Security Council of the United Nations which was established pursuant to paragraph 14 of UN Security Council Resolution 1572 (2004);
2.. ‘funds’ means financial assets and benefits of every kind, including but not limited to:

((a)) cash, cheques, claims on money, drafts, money orders and other payment instruments;
((b)) deposits with financial institutions or other entities, balances on accounts, debts and debt obligations;
((c)) publicly and privately traded securities and debt instruments, including stocks and shares, certificates representing securities, bonds, notes, warrants, debentures and derivatives contracts;
((d)) interest, dividends or other income on or value accruing from or generated by assets;
((e)) credit, right of set-off, guarantees, performance bonds or other financial commitments;
((f)) letters of credit, bills of lading, bills of sale;
((g)) documents evidencing an interest in funds or financial resources;
((h)) any other instrument of export-financing.
3.. ‘freezing of funds’ means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;
4.. ‘economic resources’ means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds but can be used to obtain funds, goods or services;
5.. ‘freezing of economic resources’ means preventing the use of economic resources to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them.
Article 2 

1. All funds and economic resources owned, or controlled, directly or indirectly, by the natural or legal persons or entities listed in Annex I shall be frozen.
2. No funds or economic resources shall be made available, directly or indirectly, to or for the benefit of the natural or legal persons or entities listed in Annex I.
3. The participation, knowingly and intentionally, in activities the object or effect of which is, directly or indirectly, to circumvent the measures referred to in paragraphs 1 and 2 shall be prohibited.
Article 3 

1. By way of derogation from Article 2, provided that the competent authorities of the Member States, as listed in Annex II, have notified the Sanctions Committee of their intention to authorise access to such funds and economic resources and have not received a negative decision by the Sanctions Committee within two working days of such notification, they may authorise the release of certain frozen funds or economic resources or the making available of certain frozen funds or economic resources, under such conditions as they deem appropriate, after having determined that the funds or economic resources concerned are:
(a) necessary for basic expenses, including payments for foodstuffs, rent or mortgage, medicines and medical treatment, taxes, insurance premiums, and public utility charges;
(b) intended exclusively for payment of reasonable professional fees and reimbursement of incurred expenses associated with the provision of legal services;
(c) intended exclusively for payment of fees or service charges for routine holding or maintenance of frozen funds or economic resources.
2. By way of derogation from Article 2, the competent authorities of the Member States as listed in Annex II may authorise the release of certain frozen funds or economic resources or the making available of certain frozen funds or economic resources, after having determined that the funds or economic resources are necessary for extraordinary expenses, provided that they have notified that determination to the Sanctions Committee and that the determination has been approved by that Committee, under the conditions envisaged by paragraph 14(e) of UN Security Council Resolution 1572 (2004).
Article 4 
By way of derogation from Article 2, the competent authorities of the Member States as listed in Annex II may authorise the release of certain frozen funds or economic resources if the following conditions are met:

((a)) the funds or economic resources are subject of a judicial, administrative or arbitral lien established prior to 15 November 2004 or of a judicial, administrative or arbitral judgment rendered prior to that date;
((b)) the funds or economic resources will be used exclusively to satisfy claims secured by such a lien or recognised as valid in such a judgment, within the limits set by applicable laws and regulations governing the rights of persons having such claims;
((c)) the lien or judgment is not for the benefit of a person or entity listed in Annex I;
((d)) recognising the lien or judgment is not contrary to public policy in the Member State concerned;
((e)) the competent authorities have notified the lien or judgment to the Sanctions Committee.
Article 5 
The relevant competent authority shall inform the competent authorities of the other Member States and the Commission of any authorisation granted under Articles 3 or 4.
Article 6 
Article 2(2) shall not apply to the addition to frozen accounts of:

((a)) interest or other earnings on those accounts; or
((b)) payments due under contracts, agreements or obligations that were concluded or arose prior to the date on which those accounts became subject to this Regulation,
provided that any such interest, other earnings and payments are frozen in accordance with Article 2(1).
Article 7 
Article 2(2) shall not prevent the crediting of frozen accounts by financial institutions that receive funds transferred by third parties to the accounts of the persons or entities listed in Annex I provided that any such additions to such accounts are also frozen. The financial institution shall inform the competent authorities about such transactions without delay.
Article 8 

1. Without prejudice to the applicable rules concerning reporting, confidentiality and professional secrecy and to the provisions of Article 284 of the Treaty, natural and legal persons, entities and bodies shall:
(a) supply immediately any information which would facilitate compliance with this Regulation, such as accounts and amounts frozen in accordance with Article 2, to the competent authorities of the Member States listed in Annex II where they are resident or located, and shall transmit such information, directly or through these competent authorities, to the Commission;
(b) cooperate with the competent authorities listed in Annex II in any verification of this information.
2. Any additional information directly received by the Commission shall be made available to the competent authorities of the Member State concerned.
3. Any information provided or received in accordance with this Article shall be used only for the purposes for which it was provided or received.
Article 9 
The freezing of funds and economic resources or the refusal to make funds or economic resources available, carried out in good faith on the basis that such action is in accordance with this Regulation, shall not give rise to liability of any kind on the part of the natural or legal person or entity implementing it, or its directors or employees, unless it is proved that the funds and economic resources were frozen as result of negligence.
Article 10 
The Commission and Member States shall immediately inform each other of the measures taken under this Regulation and shall supply each other with any other relevant information at their disposal in connection with this Regulation, in particular information in respect of violation and enforcement problems and judgments handed down by national courts.
Article 11 
The Commission shall be empowered to:

((a)) amend Annex I on the basis of determinations made by the Sanctions Committee; and
((b)) amend Annex II on the basis of information supplied by Member States.
Article 12 
The Member States shall lay down the rules on penalties applicable to infringements of the provisions of this Regulation and shall take all measures necessary to ensure that they are implemented. The penalties provided for must be effective, proportionate and dissuasive. The Member States shall notify those rules to the Commission without delay after the entry into force of this Regulation and shall notify it of any subsequent amendment.
Article 13 
This Regulation shall apply:

((a)) within the territory of the Community, including its airspace;
((b)) on board any aircraft or any vessel under the jurisdiction of a Member State;
((c)) to any person inside or outside the territory of the Community who is a national of a Member State;
((d)) to any legal person, group or entity which is incorporated or constituted under the law of a Member State;
((e)) to any legal person, group or entity doing business within the Community.
Article 14 
This Regulation shall enter into force on the day of its publication in the Official Journal of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Luxembourg, 12 April 2005.
For the Council
The President
J.-C. JUNCKER
ANNEX I

ANNEX II
Federale Overheidsdienst FinanciënThesaurieKunstlaan 30B-1040 BrusselFax (32-2) 233 74 65E-mail: Quesfinvragen.tf@minfin.fed.be

Service public fédéral des financesTrésorerieAvenue des Arts 30B-1040 BruxellesFax (32-2) 233 74 65E-mail: Quesfinvragen.tf@minfin.fed.be

Ministerstvo financíFinanční analytický útvarP. O. BOX 675Jindřišská 14111 21 Praha 1tel.: (420-2) 57 04 45 01fax: (420-2) 57 04 45 02

Ministerstvo zahraničních věcíOdbor společné zahraniční a bezpečnostní politiky EULoretánské nám. 5118 00 Praha 1tel.: (420-2) 24 18 29 87fax: (420-2) 24 18 40 80

Erhvervs- og ByggestyrelsenDahlerups PakhusLangelinie Allé 17DK-2100 København ØTlf. (45) 35 46 62 81Fax (45) 35 46 62 03

UdenrigsministerietAsiatisk Plads 2DK-1448 København KTlf. (45) 33 92 00 00Fax (45) 32 54 05 33

JustitsministerietSlotholmsgade 10DK-1216 København KTlf. (45) 33 92 33 40Fax (45) 33 93 35 10

Concerning freezing of funds:

Deutsche BundesbankServicezentrum FinanzsanktionenPostfachD-80281 MünchenTel.: (49) 89 28 89 38 00Fax: (49) 89 35 01 63 38 00

Concerning technical assistance:

Bundesamt für Wirtschaft und Ausfuhrkontrolle (BAFA)Frankfurter Straße 29-35D-65760 EschbornTel: (49) 61 96 908-0Fax: (49) 61 96 908-800

Eesti VälisministeeriumIslandi väljak 115049 TallinnTel: +372 6317 100Fax: +372 6317 199

FinantsinspektsioonSakala 415030 TallinnTel: +372 6680 500Fax: +372 6680 501
 A. 
Ministry of Economy and FinanceGeneral Directory of Economic Policy5 Nikis Str.GR-105 63 AthensTel.: (30) 210 333 27 86Fax: (30) 210 333 28 10
 A. 
Υπουργείο Οικονομίας και ΟικονομικώνΓενική Δ/νση Οικονομικής ΠολιτικήςΝίκης 5GR-105 63 ΑθήναΤηλ.: (30) 210 333 27 86Φαξ: (30) 210 333 28 10
 B. 
Ministry of Economy and FinanceGeneral Directorate for Policy Planning and ManagementKornaroy Str.GR-101 80 AthensTel.: (30) 210 328 64 01-3Fax: (30) 210 328 64 04
 Β. 
Υπουργείο Οικονομίας και ΟικονομικώνΓενική Δ/νση Σχεδιασμού και Διαχείρισης ΠολιτικήςΚορνάρου 1GR-101 80 ΑθήναΤηλ.: (30) 210 328 64 01-3Φαξ: (30) 210 328 64 04

Dirección General del Tesoro y Política FinancieraSubdirección General de Inspección y control de Movimiento y CapitalesMinisterio de EconomíaPaseo del Prado, 6E-28014 MadridTel. (34) 912 09 95 11

Subdirección General de Inversiones ExterioresMinisterio de Industria Comercio y TurismoPaseo de la Castellana, 162E-28046 MadridTel. (34) 913 49 39 83

Ministère de l'économie, des finances et de l'industrieDirection générale du Trésor et de la politique économiqueService des affaires multilatérales et du développementSous-direction «Politique commerciale et investissements»Service «Investissements et propriété intellectuelle»139, rue de Bercy75572 Paris Cedex 12Tel. (33) 144 87 72 85Fax (33) 153 18 96 55

Ministère des affaires étrangèresDirection générale des affaires politiques et de sécuritéDirection des Nations unies et des organisations internationalesSous-direction des affaires politiquesTel. (33) 143 17 59 68Fax (33) 143 17 46 91Service de la politique étrangère et de sécurité communeTel. (33) 143 17 45 16Fax (33) 143 17 45 84

United Nations SectionDepartment of Foreign Affairs,Iveagh House79-80 Saint Stephen's GreenDublin 2.Telephone + 353 1 478 0822Fax + 353 1 408 2165

Central Bank and Financial Services Authority of IrelandFinancial Markets DepartmentDame StreetDublin 2.Telephone + 353 1 671 6666Fax + 353 1 679 8882

Ministero degli Affari esteriPiazzale della Farnesina, 1 — 00194 RomaD.G.A.S. — Ufficio ITel. (39) 06 36 91 73 34Fax (39) 06 36 91 54 46

Ministero dell'Economia e delle finanzeDipartimento del TesoroComitato di Sicurezza finanziariaVia XX Settembre, 97 — 00187 RomaTel. (39) 06 47 61 39 42Fax (39) 06 47 61 30 32

Ministry of Commerce, Industry and Tourism6 Andrea AraouzouCY-1421 NicosiaTel: (357) 22 86 71 00Fax: (357) 22 31 60 71

Central Bank of Cyprus80 Kennedy AvenueCY-1076 NicosiaTel: (357) 22 71 41 00Fax: (357) 22 37 81 53

Ministry of Finance (Department of Customs)M. KaraoliCY-1096 NicosiaTel: (357) 22 60 11 06Fax: (357) 22 60 27 41/47

Latvijas Republikas Ārlietu ministrijaBrīvības iela 36Rīga LV-1395Tālr.: (371) 7016 201Fakss: (371) 7828 121

Financial Crime Investigation Service under the Ministry of Interior of the Republic of LithuaniaŠermukšnių g. 3VilniusLT-01106Tel. +370 5 271 74 47Faks. +370 5 262 18 26

Ministère des affaires étrangères et de l’immigrationDirection des relations économiques internationales5, rue Notre-DameL-2240 LuxembourgTel. (352) 478 2346Fax (352) 22 20 48

Ministère des finances3, rue de la CongrégationL-1352 LuxembourgTel. (352) 478 2712Fax (352) 47 52 41

Országos Rendőrfőkapitányság1139 Budapest, Teve u. 4–6.MagyarországTel./fax: +36-1-443-5554

Pénzügyminisztérium1051 Budapest, József nádor tér 2–4.MagyarországPostafiók: 1369 Pf.: 481.Tel.: +36-1-318-2066, +36-1-327-2100Fax: +36-1-318-2570, +36-1-327-2749

Bord ta' Sorveljanza dwar is-SanzjonijietMinisteru ta' l-Affarijiet BarraninPalazzo ParisioTriq il-MerkantiValletta CMR 02Tel: +356 21 24 28 53Fax: +356 21 25 15 20

De Minister van FinanciënDe Directie Financiële Markten/Afdeling IntegriteitPostbus 202012500 EE DEN HAAGFax: (31-70) 342 79 84Tel: (31-70) 342 89 97

Österreichische NationalbankOtto Wagner Platz 3A-1090 WienTel.: (+43-1) 404 20-0Fax: (+43-1) 404 20-7399

Main authority:

Ministerstwo FinansówGeneralny Inspektor Informacji Finansowej (GIIF)ul. Świętokrzyska 1200-916 WarszawaPolskaTel. (+48-22) 694 59 70Fax (+48-22) 694 54 50

Coordinating authority:

Ministerstwo Spraw ZagranicznychDepartament Prawno-Traktatowyal. J. Ch. Szucha 2300-580 WarszawaPolskaTel. (+48-22) 523 9427/9348Fax (+48-22) 523 8329

Ministério dos Negócios EstrangeirosDirecção-Geral dos Assuntos MultilateraisLargo do RilvasP-1350-179 LisboaTel.: (351) 21 394 67 02Fax: (351) 21 394 60 73.

Ministério das FinançasDirecção-Geral dos Assuntos Europeus e Relações InternacionaisAvenida Infante D. Henrique n.o 1, C, 2.oP-1100 LisboaTel.: (351) 218 82 33 90/8Fax: (351) 218 82 33 99

Ministry of Foreign AffairsPrešernova 25SI-1000 LjubljanaTel. (386-1) 478 20 00Faks (386-1) 478 23 41

Ministry of the EconomyKotnikova 5SI-1000 LjubljanaTel. (386-1) 478 33 11Faks (386-1) 433 10 31

Ministry of DefenceKardeljeva pl. 25SI-1000 LjubljanaTel. (386-1) 471 22 11Faks (386-1) 431 81 64

Ministerstvo zahraničných vecí Slovenskej republikyHlboká cesta 2833 36 BratislavaTel.: (421-2) 59 78 11 11Fax: (421-2) 59 78 36 49

Ministerstvo financií Slovenskej republikyŠtefanovičova 5P. O. BOX 82817 82 BratislavaTel.: (421-2) 59 58 11 11Fax: (421-2) 52 49 80 42

Ulkoasiainministeriö/UtrikesministerietPL/PB 176FI-00161 Helsinki/HelsingforsP./Tfn (358-9) 16 00 5Faksi/Fax (358-9) 16 05 57 07

Articles 3, 4 and 5:

FörsäkringskassanS-103 51 StockholmTfn (46-8) 786 90 00Fax (46-8) 411 27 89

Articles 7 and 8:

FinansinspektionenBox 6750S-113 85 StockholmTfn (46-8) 787 80 00Fax (46-8) 24 13 35

HM TreasuryFinancial Systems and International Standards1, Horse Guards RoadLondon SW1A 2HQUnited KingdomTel. +44 (0) 20 7270 5977Fax: +44 (0) 20 7270 5430

Bank of EnglandFinancial Sanctions UnitThreadneedle StreetLondon EC2R 8AHUnited KingdomTel. +44 (0) 20 7601 4607Fax: +44 (0) 20 7601 4309

European CommissionDG External RelationsDirectorate A: Common Foreign and Security Policy (CFSP) and European Security and Defence Policy (ESDP): Commission Coordination and contributionUnit A 2: Legal and institutional matters, CFSP Joint Actions, Sanctions,Kimberley ProcessTel. (32 2) 295 55 85Fax (32 2) 296 75 63
