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

September 9, 2011
Japanese

In view of the current international situation surrounding the Syrian Arab Republic, Japan has decided to implement, starting today, the measures (payment and capital transaction regulations) under the Foreign Exchange and Foreign Trade Act to freeze the assets of 15 individuals and 6 entities, including Syrian President Bashar Al-Assad and his related entities, 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.

  1. Contents of the measures
    Starting today, 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 today).

    (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.

  2. The designation
    Refer to the attached Notes.
    • (*This is a provisional translation. The above date denotes the date of the issue of the original press release in Japanese.)
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