Action represents first use of the Treasury-led domestic counter terrorism financial sanctions regime targeting Northern Ireland related terrorism.
The UK Government has announced a full asset freeze against an individual they have reasonable cause to suspect is involved in terrorist activity by facilitating terrorism and associating with members of the New Irish Republican Army ('New IRA').
Brian Sheridan (born Armagh) is further suspected of providing or assisting others in providing financial services or making available funds or economic resources for the New IRA.
All funds and economic resources in the UK owned, held or controlled by Sheridan are frozen. This designation will prevent all UK persons and entities from maintaining any direct or indirect financial relationship with him or any of the companies he owns or controls without a licence from HM Treasury.
Economic Secretary to the Treasury Tulip Siddiq said:
This action is the first use of the Treasury-led domestic counter terrorism financial sanctions regime targeting Northern Ireland related terrorism.
This designation reflects this government's commitment to protecting the peaceful consensus of the people of Northern Ireland, and to upholding the principles of the Good Friday Agreement in support of the UK's wider efforts to protect national security for all citizens.
