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					Press Office
Threadneedle Street
London
Telephone: 020-7601 4411
Fax: 020-7601 5460
                                                        Bank of England
press@bankofengland.co.uk
www.bankofengland.co.uk                                 News Release


                                                                                        10 September 2004


          FINANCIAL SANCTIONS: LIBERIA


          With the publication today of Commission Regulation (EC) No 1580/2004 in the Official
          Journal of the European Union, the Commission of the European Communities has amended
          the list of those subject to the financial sanctions applicable to the former Liberian President,
          Charles Taylor, Jewell Howard Taylor and Charles Taylor Jr., other immediate family
          members, his former senior officials and other close allies and associates as designated by the
          Committee of the Security Council established pursuant to paragraph 21 of United Nations
          Security Council Resolution 1521 (2003). The list of targeted persons set out in the Annex to
          Commission Regulation (EC) No 1580/2004 amends the list of targeted persons in Annex I to
          Council Regulation (EC) No 872/2004, as last amended by Commission Regulation (EC) No
          1478/2004.


          The Bank of England, on behalf of Her Majesty’s Treasury, therefore announces that with
          effect from 10 September 2004 all funds and economic resources belonging to the persons
          listed in Annex I to Council Regulation (EC) No 872/2004, as last amended by Commission
          Regulation (EC) No 1580/2004, must be frozen. No funds or economic resources are to be
          made available, directly or indirectly, to or for the benefit of the listed persons. Financial
          institutions and other bodies and persons in the UK must check whether they maintain any
          accounts or otherwise hold any funds for the individuals named and, if so, they should freeze
          the accounts or other funds and report the accounts or other funds and amounts frozen to the
          Bank of England.


          Copies of this Commission Regulation and previous Regulations, and the related Bank
          Notices, regarding the financial sanctions regime against Liberia are available from the
          Financial Sanctions pages of the Bank of England website:
          http://www.bankofengland.co.uk/sanctions.


                                                                                                           Cont
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       The amendments made by the Commission of the European Communities, which take the form of
       three additions to the list of those persons subject to the Liberia financial sanctions regime and
       additional information in relation to an individual who was already subject to the Liberia
       financial sanctions regime, are set out below:


       Individuals


       1. GEORGE, Martin
          Other Information: Ambassador of Liberia to the Federal Republic of Nigeria.

       2. MINOR, Grace, Beatrice
          DOB: 31 May 1942.

       3. SNOWE, Edwin
          Other Information: Managing Director of the Liberian Petroleum and Refining
          Corporation (LPRC).



       Amendment
       (Added information appears in italics).


       1. TAYLOR, Jewell, Howard
          DOB: 17 January 1963
          Passport Number: D/003835-04 (04/06/04 – 03/06/06)
          Other Information: Wife of former President Charles Taylor.



       Note to Editors
       On 12 March 2004, the United Nations Security Council adopted resolution 1532 (2004). On
       29 April 2004, the Council of the European Union adopted Council Regulation (EC) No
       872/2004, which, inter alia, had the effect of freezing the funds and economic resources of the
       former President of Liberia, Charles Taylor and certain individuals associated with him. All
       such targeted persons were listed in Annex I of that Regulation. Regulation (EC) No
       872/2004 was published in the Official Journal of the European Union and entered into force
       on 30 April 2004 (O.J. L162, p.32). The list of targeted persons in Annex I to Regulation (EC)
       No 872/2004 has subsequently been amended by Commission Regulation (EC) No 1149/2004
       of 22 June 2004 and Commission Regulation (EC) No 1478/2004 of 18 August 2004.
ENDS
Bank of England Notice                                        10 September 2004


COMMISSION REGULATION (EC) NO 1580/2004


LIBERIA

INTRODUCTION

1. On 12 March 2004, the United Nations Security Council adopted resolution 1532
   (2004). On 29 April 2004, the Council of the European Union adopted Council
   Regulation (EC) No 872/2004, which, inter alia, had the effect of freezing the
   funds and economic resources of the former President of Liberia, Charles Taylor,
   his wife, Jewell Howard Taylor and his son, Charles Taylor Jr. All such targeted
   persons were listed in Annex I of that Regulation. Regulation (EC) No 872/2004
   was published in the Official Journal of the European Union and entered into
   force on 30 April 2004 (O.J. L162, p.32). The list of those persons targeted in
   Annex I of Regulation (EC) No 872/2004 was subsequently amended and
   replaced by the Annex to Commission Regulation (EC) No 1149/2004 of 22 June
   2004. On 18 August 2004, the Commission of the European Union adopted
   Commission Regulation (EC) No 1478/2004, which again amended Annex I to
   Regulation (EC) No 872/2004.

2. On 8 September 2004 the Commission of the European Communities adopted
   Commission Regulation (EC) No 1580/2004 which again amended Annex I of
   Regulation (EC) No 872/2004. This had the effect, inter alia, of adding
   individuals to the list of those subject to the sanctions regime imposed by
   Regulation (EC) No 872/2004. Regulation (EC) No 1580/2004 was published in
   the Official Journal of the European Union and entered into force on 10
   September 2004 (O.J. L289, p.4).

3. For ease of reference the names of those added and targeted by the
   amendment in Regulation (EC) No 1580/2004 further to those targeted in
   Regulation (EC) No 872/2004, as amended, are listed in the Annex to this
   Notice.

4. A copy of Regulation (EC) No 1580/2004 is attached to this Notice. It may also
   be found on the Bank of England’s website:
   http://www.bankofengland.co.uk/sanctions.

Targeted accounts

5. All funds belonging to the persons listed in Annex I to Regulation (EC) No
   872/2004, as amended, held by banks, building societies, stockbrokers,
   solicitors, accountants, etc must be frozen. No funds or economic resources are
   to be made available directly or indirectly to or for the benefit of the listed

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   persons. The only exceptions are those permitted under Regulation (EC) No
   872/2004.

Provision of information

6. All financial institutions and other bodies and persons in the UK are required to
   inform the Bank of England of all funds that they have frozen in accordance with
   Regulation (EC) No 872/2004, as amended. They must also provide the Bank of
   England with all relevant information necessary for ensuring compliance with
   Regulation (EC) No 872/2004.

Application and enquiries

7. Applications and enquiries concerning this Notice should be addressed to the
   Bank of England, Threadneedle Street, London, EC2R 8AH and marked for the
   attention of the Financial Sanctions Unit (FSU). Enquiries may also be made by
   facsimile transmission (020 7601 4309), by telephone (020 7601
   4768/5811/4783/4328) or by email (sanctions.unit@bankofengland.co.uk).


BANK OF ENGLAND
10 September 2004




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                                                                           ANNEX
10 September 2004


COMMISSION REGULATION (EC) NO 1580/2004


NAMES ADDED TO COUNCIL REGULATION (EC) NO 872/2004




Individuals


1. GEORGE, Martin
   Other Information: Ambassador of Liberia to the Federal Republic of Nigeria.

2. MINOR, Grace, Beatrice
   DOB: 31 May 1942.

3. SNOWE, Edwin
   Other Information: Managing Director of the Liberian Petroleum and Refining
   Corporation (LPRC).




Amendment

(Added information appears in italics).

1. TAYLOR, Jewell, Howard
   DOB: 17 January 1963
   Passport Number: D/003835-04 (04/06/04 – 03/06/06)
   Other Information: Wife of former President Charles Taylor



BANK OF ENGLAND
10 September 2004




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