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15.—(1) A relevant institution is not guilty of an offence under this Part if the institution credits a frozen account with—
(a)interest or other earnings due on the account; or
(b)payments due under contracts, agreements or obligations that were concluded or arose before the account became a frozen account.
(2) Articles 11 and 12 do not prevent a relevant institution from crediting a frozen account where it receives funds transferred to a frozen account by a third party.
(3) A relevant institution must inform the Treasury without delay if it credits a frozen account in accordance with paragraph (1)(b) or (2).
(4) For the avoidance of doubt, article 10 applies to any funds credited to a frozen account in accordance with this article.
(5) In this article—
“frozen account” means an account with a relevant institution which is held or controlled (directly or indirectly) by a restricted person;
“third party” means a person other than the account holder or the relevant institution with which the account is maintained.
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