Sanctions and Anti-Money Laundering Act 2018

24 Periodic review of certain designations

(1) This section applies where—

(a) regulations under section 1 which contain a designation power are in force, and

(b) any qualifying designations have been made by an appropriate Minister under the power.

(2) That appropriate Minister must in each review period—

(a) consider each qualifying designation which has effect, and

(b) decide in the case of each such designation whether to vary or revoke the designation or to take no action with respect to it (but see section 22(3)).

(3) In this section a “qualifying designation” means a designation which designates a named person, or persons of a specified description, for the purposes of any provision of the regulations that—

(a) imposes a prohibition or requirement for a purpose mentioned in section 3(1)(a), (b)(i) or (d)(i) (asset-freezing etc), or

(b) provides for designated persons to be excluded persons for the purposes of section 8B of the Immigration Act 1971.

(4) For the purposes of this section each of the following is a “review period”—

(a) the period of 3 years beginning with the date when the regulations are made, and

(b) each period of 3 years that begins with the date of completion of a review under this section of qualifying designations under the regulations.