http://www.legislation.gov.uk/uksi/2004/816/regulation/2/made

The Zimbabwe (Freezing of Funds and Economic Resources) Regulations 2004

Legislation

Disclosure

King's Printer of Acts of Parliament

2024-05-21

CRIMINAL LAW

These Regulations provide that breaches of certain provisions of Council Regulation (EC) No. 314/2004 of 19th February 2004 (“the EC Regulation”) are criminal offences. The provisions in question are:Article 6(1) which provides for the freezing of funds and economic resources belonging to individual members of the Government of Zimbabwe and persons or entities associated with them as listed in Annex III to the EC Regulation;Article 6(2) which prohibits the making available of funds or economic resources directly or indirectly to or for the benefit of persons listed in Annex III to the EC Regulation;Article 6(3) which prohibits the knowing and intentional participation in activities the object or effect of which is to promote the transactions or activities referred to in Article 6(1) and (2); andArticle 8 which requires all persons to provide immediately to the Treasury or the Bank of England and to the European Commission any information which would facilitate compliance with the EC Regulation, but requires such information to be used only for the purposes for which it was provided or received.