Part 2Terrorist financing, money laundering etc.
General directions and other requirements
50Circumventing requirements of Schedule 7 directions
1
Schedule 7 to the Counter-Terrorism Act 2008 is amended as follows.
2
After paragraph 25 (civil penalties for failure to comply with requirements) insert—
25A
1
An enforcement authority may impose a penalty of such amount as it considers appropriate on a relevant person who has intentionally participated in activities knowing that the object or effect of them was (whether directly or indirectly) to circumvent a requirement imposed by a direction under this Schedule.
2
In sub-paragraph (1) “appropriate” means effective, proportionate and dissuasive.
3
A person on whom a penalty is imposed under this paragraph is not liable to be proceeded against for an offence under paragraph 30A in respect of participation in the same activities.
3
After paragraph 30 (offence of failing to comply with requirements) insert—
30AOffences: relevant person circumventing requirements
1
A relevant person who intentionally participates in activities knowing that the object or effect of them is (whether directly or indirectly) to circumvent a requirement imposed by a direction under this Schedule commits an offence.
2
A person guilty of an offence under this paragraph is liable—
a
on summary conviction, to a fine not exceeding the statutory maximum;
b
on conviction on indictment, to imprisonment for a term not exceeding two years or a fine or both.
3
A person who is convicted of an offence under this paragraph is not liable to a penalty under paragraph 25A in respect of participation in the same activities.