PART 1Freezing funds etc.
Information relating to funds etc.6
1
The Governor must take such steps as the Governor considers appropriate to cooperate with any international investigation relating to the funds, economic resources or financial transactions of—
a
a designated person,
b
a person owned or controlled by a designated person, or
c
a person acting on behalf of, or at the direction of, a designated person.
2
A relevant institution must inform the Governor as soon as practicable if it knows or suspects that a customer—
a
is a designated person, or
b
has committed an offence under article 4 or 10(10).
3
When informing the Governor under paragraph (2), the relevant institution must state—
a
the information or other matter on which the knowledge or suspicion is based,
b
any information it holds about the customer by which the customer can be identified, and
c
if the customer is a designated person, the nature and amount or quantity of any funds or economic resources held by the relevant institution for the customer since the customer first became a designated person.
4
A relevant institution must inform the Governor as soon as practicable if it credits a frozen account in accordance with article 5(1)(b) or (2).
5
It is an offence for a relevant institution to fail to comply with a requirement of paragraph (2), (3) or (4).
6
Anything done by a relevant institution in accordance with this article is not to be treated as a breach of any restriction imposed by statute or otherwise.
7
For the purposes of this article, “customer”, in relation to a relevant institution, includes—
a
a person who is or has been a customer of the institution at any time since the coming into force of this Order, or
b
a person with whom the institution has had dealings in the course of its business since the coming into force of this Order.