Addition of lists for the measures to freeze the assets of President Bashar Al-Assad and his related individuals and entities in Syria

March 9, 2012
Japanese

Japan has been implementing the measures to freeze the assets of President Bashar Al-Assad and his related individuals and entities in the Syrian Arab Republic, in order to contribute to the international efforts for international peace.

In view of the current international situation surrounding Syria, Japan has decided to add 2 individuals and 4 entities to the list of those subject to the measures such as freezing of assets, in line with the measures being taken by other major countries, in order to contribute to the international efforts for international peace aimed at the resolution of this issue.

Contents of the measures
Starting from March 9, Japan implements the measures below, under the Foreign Exchange and Foreign Trade Act, on Syrian President Bashar Al-Assad and his related individuals and entities designated by the Ministry of Foreign Affairs Notice (issued March 9).
(1) Payment restriction
A license system is required for payments to the individuals and entities designated by the Ministry of Foreign Affairs Notice.

(2) Restriction on capital transactions
A license system is required for capital transactions (i.e., contract of money deposit, trust, and loans) with the individuals and entities designated by the Ministry of Foreign Affairs Notice.
The designation
Refer to the attached Notes.[PDF]

* In total, the numbers on the lists of those subject to the measures on Syrian President Bashar Al-Assad and his related individuals and entities will be 20 individuals and 16 entities.

(*The foregoing is a provisional translation. The date indicated above denotes the date of issue of the original press release in Japanese.)

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