Regulations · Regulation explained
EU targeted financial sanctions (TFS)
Sanctions are the sharpest edge of the compliance landscape: obligations of result, effective immediately, with personal liability. The duty is not just to screen — it is to freeze, to refuse, and to report, in that order and without delay.
The requirements, article by article
Freeze, and make nothing available
All funds and economic resources of designated persons must be frozen, and none may be made available to or for their benefit, directly or indirectly.
In Sceau — The TFS workspace records the freeze attestation the moment a match is confirmed.
Verify against the lists
Checking clients and beneficial owners against the EU consolidated list is an explicit part of due diligence — at onboarding and on every new designation.
In Sceau — Nightly rescreening runs every open file against fresh list data; hits bridge straight into TFS cases.
Report to the competent authority
Frozen assets and attempted transactions must be reported to the national competent authority — in Belgium the Treasury (FOD Financiën).
In Sceau — Authority routing per country pre-addresses the notification; attempted transactions are captured as their own dimension.
Release only with a legal basis
Frozen assets are released only on delisting, under a licence granted by the authority, or on proven identity mismatch — never informally.
In Sceau — Release requires a recorded basis and the right role; everything is ledgered.
Watch the list, not the calendar
Designations change weekly. A clean screen yesterday proves nothing about today.
In Sceau — List feeds sweep automatically; stale data blocks clear-screening decisions by design.
This page is a plain-language orientation, not legal advice. Article numbering follows the instrument as published in the Official Journal; where implementing technical standards are still in draft, we say so. The legal text always prevails.
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