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Freezing funds and making funds available

Credits to a frozen account

31.—(1) Articles 26 and 27 are not contravened by a person who credits a frozen account with—

(a)interest or other earnings due on the account, or

(b)payments due under contracts, agreements or obligations that were concluded or arose before the account became a frozen account.

(2) Articles 26 and 27 do not prevent a relevant institution from crediting a frozen account where it receives funds transferred to the account.