Regulatory Alerts2026-04-29
Decree No. 2024-053/PR/MJDH on the Implementation Regime for Targeted Financial Sanctions Related to Terrorism Financing and the Proliferation of Weapons of Mass Destruction
The President of the Republic of Djibouti issued Decree No. 2024-053/PR/MJDH to establish a Technical Committee responsible for implementing targeted financial sanctions aligned with UN Security Council resolutions and FATF standards. The decree mandates immediate asset freezes and continuous prohibitions on providing funds or services to designated individuals and entities, requiring financial institutions and virtual asset service providers to report frozen assets to the National Financial Intelligence Agency within 24 hours. It outlines strict procedures for designations, exemptions for basic and extraordinary expenses, and appeals for erroneous listings, with administrative decisions taking effect within 16 hours of UN announcements or committee approvals.