The South Sudan (Sanctions) (EU Exit) Regulations 2019

Yn ddilys o 31/12/2020

Making funds available to designated personU.K.

This adran has no associated Memorandwm Esboniadol

13.—(1) A person (“P”) must not make funds available directly or indirectly to a designated person if P knows, or has reasonable cause to suspect, that P is making the funds so available.

(2) Paragraph (1) is subject to Part 6 (Exceptions and licences).

(3) A person who contravenes the prohibition in paragraph (1) commits an offence.

(4) The reference in paragraph (1) to making funds available indirectly to a designated person includes, in particular, a reference to making them available to a person who is owned or controlled directly or indirectly (within the meaning of regulation 7) by the designated person.

Commencement Information

I1Reg. 13 not in force at made date, see reg. 1(2)