C1Part 1Terrorist Asset-Freezing
Annotations:
Modifications etc. (not altering text)
CHAPTER 2Prohibitions in relation to designated persons
Prohibitions
14Making economic resources available to designated person
1
A person (“P”) must not make economic resources available (directly or indirectly) to a designated person if P knows, or has reasonable cause to suspect—
a
that P is making the economic resources so available, and
b
that the designated person would be likely to exchange the economic resources, or use them in exchange, for funds, goods or services.
2
Subsection (1) is subject to section 17 (licences).
3
A person who contravenes the prohibition in subsection (1) commits an offence.
Pt. 1 extended (Isle of Man) (with modifications) (17.3.2011) by The Terrorist Asset-Freezing etc. Act 2010 (Isle of Man) Order 2011 (S.I. 2011/749), arts. 1, 2, Schs.