Unreliability of Sanctioned Persons

A natural or legal person or a partnership is deemed unreliable if, under a directly applicable legal act of the European Communities or of the European Union published in the Official Journal of the European Communities or of the European Union that serves to implement an economic sanctions measure decided by the Council of the European Union in the field of the common foreign and security policy, its funds and economic resources are frozen or funds or economic resources may not be made available to it or for its benefit, whether directly or indirectly. A natural person is as a rule deemed unreliable where that person acts as a manager, supervisory board member or in a comparable position for a person or partnership within the meaning of the first sentence; this does not apply to employee representatives. A natural person is as a rule also deemed unreliable where that person represents the interests of a person or partnership within the meaning of the first sentence as a member of a supervisory or administrative board or a comparable supervisory body in an institution not covered by the first sentence.