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The Libya (Restrictive Measures) (Overseas Territories) Order 2011

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12.—(1) A person is not guilty of an offence under articles 10 or 11 if they credit 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 prior to the date on which an account holder became a designated person.

(2) It is not an offence under article 11 for a person to credit a frozen account which is in receipt of funds transferred by a third party to a frozen account.

(3) In this article “third party” means a person other than the account holder or the person with which the account is maintained.

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