Sanctions and Anti-Money Laundering Act 2018

1. Introductory Text

2. PART 1 Sanctions regulations

   1. CHAPTER 1 Power to make sanctions regulations

      1. Power to make sanctions regulations

         1. 1. Power to make sanctions regulations

         2. 2. Additional requirements for regulations for a purpose within section 1(2)

      2. Types of sanction

         1. 3. Financial sanctions

         2. 3A. Director disqualification sanctions

         3. 4. Immigration sanctions

         4. 5. Trade sanctions

         5. 6. Aircraft sanctions

         6. 7. Shipping sanctions

         7. 8. Other sanctions for purposes of UN obligations

      3. Designation of persons

         1. 9. “Designated persons”

         2. 10. Designation powers: general

         3. 11. Designation of a person by name under a designation power

         4. 12. Designation of persons by description under a designation power

         5. 13. Persons named by or under UN Security Council Resolutions

      4. Specified ships

         1. 14. “Specified ships”

      5. Contents of sanctions regulations: further provision

         1. 15. Exceptions and licences

         2. 16. Information

         3. 17. Enforcement

         4. 17A. Enforcement: monetary penalties

         5. 18. Report in respect of offences in regulations

         6. 19. Enforcement: goods etc on ships

         7. 20. Goods etc on ships: non-UK conduct

         8. 21. Extra-territorial application

   2. CHAPTER 2 Review by appropriate Minister, and other reviews

      1. Revocation, variation and review of designations

         1. 22. Power to vary or revoke designation made under regulations

         2. 23. Right to request variation or revocation of designation

         3. 24. Periodic review of certain designations

         4. 25. Right of UN-named person to request review

      2. Revocation and review in relation to ships

         1. 26. Power to revoke specification of ship made under regulations

         2. 27. Right to request revocation of specification of ship

         3. 28. Periodic review where ships are specified

         4. 29. UN-designated ship: right to request review

      3. Review of regulations

         1. 30. Review by appropriate Minister of regulations under section 1

         2. 31. Independent review of regulations with counter-terrorism purpose

         3. 32. Periodic reports on exercise of power to make regulations under section 1

      4. Procedure for requests to, and reviews by, appropriate Minister

         1. 33. Procedure for requests to ... appropriate Minister

   3. CHAPTER 3 Temporary powers in relation to EU sanctions lists

      1. 34. Temporary powers in relation to EU sanctions lists

      2. 35. Directions under section 34: further provision

      3. 36. Rights of person on EU sanctions list

      4. 37. Rights of UN-named person on EU sanctions list

   4. CHAPTER 4 Court reviews

      1. 38. Court review of decisions

      2. 39. Court reviews: further provision

      3. 40. Rules of court

   5. CHAPTER 5 Miscellaneous

      1. 41. Procedure for dealing with goods etc seized from ships

      2. 42. Suspension of prohibitions and requirements

      3. 43. Guidance about regulations under section 1

      4. 44. Protection for acts done for purposes of compliance

      5. 45. Revocation and amendment of regulations under section 1

      6. 46. Report where regulations for a purpose within section 1(2) are amended

      7. 47. Power to amend Part 1 so as to authorise additional sanctions

      8. 48. Power to make provision relating to certain appeals

3. PART 2 Anti-money laundering

   1. 49. Money laundering and terrorist financing etc

   2. 50. Reports on progress towards register of beneficial owners of overseas entities

   3. 51. Public registers of beneficial ownership of companies registered in British Overseas Territories

4. PART 3 General

   1. Supplementary

      1. 52. Crown application

      2. 53. Saving for prerogative powers

      3. 54. Regulations: general

      4. 55. Parliamentary procedure for regulations

      5. 56. Regulations under section 1: transitory provision

      6. 57. Duties to lay certain reports before Parliament: further provision

      7. 58. Retained EU rights

      8. 59. Consequential amendments and repeals

   2. Definitions

      1. 60. Meaning of “funds”, “economic resources” and “freeze”

      2. 61. Meaning of “financial services” and “financial products”

      3. 62. Interpretation

   3. Final provisions

      1. 63. Extent

      2. 64. Commencement

      3. 65. Short title

5. SCHEDULES

   1. SCHEDULE 1

      Trade sanctions

      1. PART 1 Trade sanctions

         1. 1. The purposes referred to in section 5(1) are the purposes...

         2. 2. Preventing the export of goods of a prescribed description—

         3. 3. Preventing the import of all goods, or of goods of...

         4. 4. Preventing the movement outside the United Kingdom of goods of...

         5. 5. Preventing a transfer of technology of a prescribed description—

         6. 6. Preventing goods or technology of a prescribed description from being...

         7. 7. Preventing the acquisition of goods or technology of a prescribed...

         8. 8. Preventing land, or land of a prescribed description, from being...

         9. 9. Preventing the acquisition of land, or land of a prescribed...

         10. 10. Preventing— (a) activities of a prescribed description relating (directly or...

         11. 11. Preventing all services, or services of a prescribed description, from...

         12. 12. Preventing all services, or services of a prescribed description, from...

         13. 13. Preventing services, or services of a prescribed description, from being...

         14. 14. Preventing services, or services of a prescribed description, from being...

         15. 15. So far as a UN Security Council Resolution provides for...

         16. 16. Preventing— (a) the export, import, movement, making available or acquisition...

      2. PART 2 Further provision

         1. Further provision

            1. 17. Regulations which include provision for a purpose mentioned in Part...

            2. 18. Regulations which include provision for a purpose mentioned in paragraph...

            3. 19. Regulations which include provision for a purpose mentioned in Part...

            4. 20. Regulations which include provision for a purpose mentioned in Part...

            5. 21. Regulations which include provision for a purpose mentioned in Part...

            6. 22. Regulations which include provision for a purpose mentioned in Part...

            7. 23. Regulations which include provision for a purpose mentioned in Part...

            8. 24. Regulations which include provision for a purpose mentioned in paragraph...

            9. 25. Regulations which include provision for a purpose mentioned in paragraph...

            10. 26. (1) This paragraph applies where regulations include provision for a...

         2. Enforcement

            1. 27. (1) This paragraph applies in relation to any provision of...

            2. 28. (1) For the purpose of the enforcement of any relevant...

         3. Restriction

            1. 29. Regulations may not contain prohibitions for a purpose mentioned in...

            2. 30. The question whether any such interference is necessary is to...

         4. Interpretation

            1. 31. In this Schedule, any reference to goods, technology, land or...

            2. 32. For the purposes of this Schedule— (a) “export” means export...

            3. 33. For the purposes of this Schedule— (a) “import” means import...

            4. 34. Paragraph 33(b) does not apply to goods imported into the...

            5. 35. For the purposes of this Schedule— (a) goods, technology or...

            6. 36. In paragraph 5 “place” includes— (a) any vehicle, ship or...

            7. 37. In this Schedule— “aircraft” includes unmanned aircraft and aircraft capable...

            8. 38. Nothing in section 3 prevents any reference to services in...

   2. SCHEDULE 2

      Money laundering and terrorist financing etc

      1. Regulations under section 49

         1. 1. Without prejudice to the generality of section 49, regulations under...

         2. 2. (1) Require— (a) the Secretary of State or the Treasury,...

         3. 3. Require any person carrying on relevant business who is of...

         4. 4. (1) Require relevant persons to take prescribed measures in relation...

         5. 5. Make provision for and in connection with—

         6. 6. Make provision for and in connection with the creation, production...

         7. 7. (1) Confer supervisory functions on the Financial Conduct Authority, the...

         8. 8. (1) Confer supervisory functions on a prescribed body (an “oversight...

         9. 9. Make provision for and in connection with the registration of...

         10. 10. Make provision enabling supervisory authorities to enter into arrangements with...

         11. 11. (1) Confer investigatory powers on— (a) supervisory authorities, and

         12. 12. (1) Authorise supervisory authorities to impose charges on persons supervised...

         13. 13. (1) Authorise the Financial Conduct Authority and the Commissioners for...

         14. 14. Make provision for and in connection with the grant of...

         15. 15. Make provision— (a) creating criminal offences for the purposes of...

         16. 16. Make provision for and in connection with reviews of, and...

         17. 17. Make provision exempting prescribed persons from prescribed requirements, generally or...

      2. Criminal offences: restrictions and relationship with civil penalties

         1. 18. Regulations under section 49 may not provide for an offence...

         2. 19. Regulations under section 49 may provide for the creation of...

         3. 20. Regulations under section 49 which confer a power to impose...

      3. Criminal offences: report in respect of offences in regulations

         1. 21. (1) In this paragraph “relevant regulations” means regulations under section...

      4. Extra-territorial application

         1. 22. (1) Regulations under section 49 may impose requirements in relation...

         2. 22A. (1) Sub-paragraphs (2) and (3) have effect for the purposes...

      5. Money Laundering Regulations 2017

         1. 23. (1) Without prejudice to anything in section 49, paragraphs 1...

      6. Interpretation

         1. 24. In this Schedule— “enforcement partners” means bodies with which supervisory...

   3. SCHEDULE 3

      Consequential amendments

      1. PART 1 Amendments consequential on Parts 1 and 2

         1. Immigration Act 1971 (c. 77)

            1. 1. (1) Section 8B of the Immigration Act 1971 (persons excluded...

         2. Senior Courts Act 1981 (c. 54)

            1. 2. In paragraph 2 of Schedule 1 to the Senior Courts...

         3. Regulation of Investigatory Powers Act 2000 (c. 23)

            1. 3. (1) Section 18 of the Regulation of Investigatory Powers Act...

         4. Serious Organised Crime and Police Act 2005 (c. 15)

            1. 4. In section 61(1) of the Serious Organised Crime and Police...

         5. Serious Crime Act 2007 (c. 27)

            1. 5. (1) Schedule 1 to the Serious Crime Act 2007 (offences...

         6. Crime and Courts Act 2013 (c. 22)

            1. 6. (1) Part 2 of Schedule 17 to the Crime and...

         7. Investigatory Powers Act 2016 (c. 25)

            1. 7. In Schedule 3 to the Investigatory Powers Act 2016 (exceptions...

         8. Policing and Crime Act 2017 (c. 3)

            1. 8. (1) Part 8 of the Policing and Crime Act 2017...

      2. PART 2 Repeals etc consequential on repeals in Terrorist Asset-Freezing etc Act 2010

         1. Repeals and revocations

            1. 9. The following provisions are repealed or revoked— Title Extent of...

         2. Consequential amendment

            1. 10. In Schedule 3 to the Investigatory Powers Act 2016 (exceptions...