Explanatory Notes

Terrorist Asset-Freezing etc. Act 2010

2010 CHAPTER 38

16 December 2010

Commentary on Sections and Schedules

Part 1 – Terrorist Asset-Freezing

Chapter 2 – Prohibitions in Relation to Designated Persons
Prohibitions
Section 12 – Making funds or financial services available to designated person

35.Section 12 makes it an offence for a person to make funds or financial services available (directly or indirectly) to a designated person if the person making the funds or financial services available knows, or has reasonable cause to suspect, that the funds or financial services are being made available (directly or indirectly) to a designated person. The term “financial services” is defined in section 40.