On December 3, 2024, the UK Government announced that domestic counterterrorism sanctions were imposed upon Brian Sheridan, who is suspected of facilitating a terrorist activity and associating with members of the New Irish Republican Army (“New IRA”). Sheridan is also suspected of providing financial services and making economic resources available to the New IRA. According to Economic Secretary to the Treasury Tulip Siddiq, this is the first time that Treasury-led domestic counterterrorism financial sanctions have targeted Northern Ireland-related terrorism.
The Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019 (SI 2019/577) subjects Sheridan, and his associated company Brisher Limited, to an asset freeze in the United Kingdom. The designation also prohibits UK persons and entities from engaging in financial transactions with him or any company that he owns or controls without a license from HM Treasury.
UK Government Press Release | OFSI Financial Sanctions Notice – Counter-Terrorism (Domestic)