The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019, Section 51 is up to date with all changes known to be in force on or before 05 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
51.—(1) The export of bank notes or coinage to or for the benefit of the Central Bank of the DPRK is prohibited.
(2) A person must not directly or indirectly—
(a)supply or deliver bank notes or coinage from a third country to or for the benefit of the Central Bank of the DPRK;
(b)make bank notes or coinage available to or for the benefit of the Central Bank of the DPRK.
(3) Paragraphs (1) and (2) are subject to Part 9 (Exceptions and licences).
(4) A person who contravenes a prohibition in paragraph (2) commits an offence, but—
(a)it is a defence for a person charged with the offence of contravening paragraph (2)(a) (“P”) to show that P did not know and had no reasonable cause to suspect that the person to whom, or for whose benefit, the bank notes or coinage were supplied or delivered was the Central Bank of the DPRK;
(b)it is a defence for a person charged with the offence of contravening paragraph (2)(b) (“P”) to show that P did not know and had no reasonable cause to suspect that the person to whom or for whose benefit the bank notes or coinage were made available was the Central Bank of the DPRK.
(5) In this regulation “third country” means a country that is not the United Kingdom, the Isle of Man or the DPRK.
Commencement Information
I1Reg. 51 not in force at made date, see reg. 1(2)
I2Reg. 51 in force at 31.12.2020 by S.I. 2019/627, reg. 7(2); 2020 c. 1, Sch. 5 para. 1(1)
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