Directive (EU) 2024/1226

In force

This text since 29 Apr 2024law://eu/dir/2024/1226/art_3__para_1__pnt_h@2026-11-13

Contents

(h)circumventing a Union restrictive measure by:

(i)using, transferring to a third party, or otherwise disposing of, funds or economic resources directly or indirectly owned, held, or controlled by a designated person, entity or body, which are to be frozen pursuant to a Union restrictive measure, in order to conceal those funds or economic resources;

(ii)providing false or misleading information to conceal the fact that a designated person, entity or body is the ultimate owner or beneficiary of funds or economic resources which are to be frozen pursuant to a Union restrictive measure;

(iii)failing by a designated natural person, or by a representative of a designated entity or body, to comply with an obligation that constitutes a Union restrictive measure to report to the competent administrative authorities funds or economic resources within the jurisdiction of a Member State, belonging to, owned, held, or controlled by them;

(iv)failing to comply with an obligation that constitutes a Union restrictive measures to provide the competent administrative authorities with information on frozen funds or economic resources or information held about funds or economic resources within the territory of the Member States, belonging to, owned, held or controlled by designated persons, entities or bodies and which have not been frozen, where such information was obtained in the performance of a professional duty;

Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.

Key facts

Type: Directive · (EU) 2024/1226
Adopted: 24 Apr 2024
In force: 19 May 2024
Made by: Council of the European Union, European Parliament
Official: EUR-Lex 32024L1226 · ELI

Topics

economic sanctions EU restrictive measure freezing of assets international sanctions international security judicial cooperation in criminal matters in the EU legal person natural person offence third country Area of freedom, security and justice Common foreign and security policy

History · 1 version

29 Apr 2024Reading

Connections

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Cited by 12: Council Regulation (EU) 2025/395; Council Regulation (EU) 2025/390; Council Regulation (EU) 2024/1745; Council Regulation (EU) 2024/1739; Regulation (EU) 2025/2611; Gennady Nikolayevich Timchenko v Council of the European Union (T-285/24); Council Regulation (EU) 2025/401; Council Regulation (EU) 2025/392; Council Regulation (EU) 2025/398; Council Regulation (EU) 2024/1865; Directive (EU) 2024/12603 provisions; this act3 provisions

Defined terms · 7

Show every defined term

designated person, entity or body
means a natural or legal person, entity or body subject to Union restrictive measures;
economic resources
means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds but can be used to obtain funds, goods or services;
freezing of economic resources
means preventing the use of economic resources to obtain funds, goods or services, including, but not limited to, by selling, hiring or mortgaging them.
freezing of funds
means preventing the move, transfer, alteration or use of funds or access to funds, or dealing with funds in a way that would result in a change in their volume, amount, location, ownership, possession, character, destination or in a change that would enable the funds to be used, including portfolio management;
funds
means financial assets and benefits of every kind, including, but not limited to:
goods
includes items, such as military technology and equipment, goods, software and technology, which are included in the Common Military List of the European Union adopted by the Council on 20 February 2023 or are listed in Annexes I and IV to Regulation (EU) 2021/821 of the European Parliament and of the Council.
Union restrictive measures
means restrictive measures adopted by the Union on the basis of Article 29 TEU or Article 215 TFEU;