PROHIBITIONS CONCERNING LISTED PERSONS
Freezing funds and economic resources9.
(1)
A person (including the listed person) shall not deal with funds or economic resources owned, held or controlled by a listed person unless authorised by a licence granted under article 14.
(2)
A person who contravenes the prohibition in paragraph (1) shall be guilty of an offence under this Order.
(3)
In proceedings for an offence under this article, it is a defence for a person to show that they did not know and had no reasonable cause to suspect that the funds or economic resources were owned, held or controlled by a listed person.
(4)
In this article, “deal with” means—
(a)
in respect of funds—
(i)
use, alter, move, allow access to or transfer;
(ii)
deal with in any other way that would result in any change in volume, amount, location, ownership, possession, character or destination; or
(iii)
make any other change that would enable use, including portfolio management; and
(b)
in respect of economic resources, exchange or use in exchange for funds, goods or services.