1998 c.29.

2000 c.23.

http://www.legislation.gov.uk/uksi/2016/36/schedule/2016-01-18The Iran (European Union Financial Sanctions) Regulations 2016texttext/xmlenCRIMINAL LAWStatute Law Database2022-12-152016-01-01These Regulations make provision relating to the enforcement of Council Regulation (EU) No. No. 2012/267 dated 23rd March 2102 (OJ, L 088 24.3.2012, p.1) concerning restrictive measures against Iran and repealing Regulation EU No. 961/2010 (“the Council Regulation”) as amended most recently by Council Regulation (EU) No. 1861/2015 of 18th October 2015 (OJ L 274, 18.10.2015, p. 1) and Council Regulation (EU) No. 1862/2015 of 18th October 2015 (OJ L 274, 18.10.2015, p. 161) (“the 2015 Council Regulations”).SCHEDULE

Regulation 16

Information Provisions1Reporting obligations of relevant institutions1

A relevant institution must inform the Treasury as soon as practicable if—

a

it knows, or has reasonable cause to suspect, that a person—

i

is a designated person, or

ii

has committed an offence under regulation 9 or 11, and

b

the information or other matter on which the knowledge or suspicion is based came to it in the course of carrying on its business.

2

Where a relevant institution informs the Treasury under sub-paragraph (1), it must state—

a

the information or other matter on which the knowledge or suspicion is based, and

b

any information it holds about the person by which the person can be identified.

3

Sub-paragraph (4) applies if—

a

a relevant institution informs the Treasury under sub-paragraph (1) that it knows, or has reasonable cause to suspect, that a person is a designated person, and

b

that person is a customer of the institution.

4

The relevant institution must also state the nature and amount or quantity of any funds or economic resources held by it for the customer.

5

A relevant institution that fails to comply with any requirement of sub-paragraph (1), (2) or (4) commits an offence.

2Powers to request information1

The Treasury may request a designated person to provide information concerning—

a

funds or economic resources belonging to, owned, held or controlled by or on behalf of the designated person, or

b

any disposal of such funds or economic resources.

2

The Treasury may request a designated person to provide such information as the Treasury may reasonably require about expenditure—

a

by or on behalf of the designated person, or

b

for the benefit of the designated person.

3

The power in sub-paragraph (1) or (2) is exercisable only where the Treasury believe that it is necessary for the purpose of monitoring compliance with or detecting evasion of these Regulations.

4

The Treasury may request a person acting under a licence granted under regulation 9 to provide information concerning—

a

funds or economic resources dealt with under the licence, or

b

funds or economic resources made available under the licence.

5

The Treasury may request any person in or resident in the United Kingdom to provide such information as the Treasury may reasonably require for the purpose of—

a

establishing for the purposes of these Regulations—

i

the nature and amount or quantity of any funds or economic resources belonging to, owned, held or controlled by or on behalf of a designated person;

ii

the nature and amount or quantity of any funds or economic resources made available directly or indirectly to, or for the benefit of, a designated person; or

iii

the nature of any financial transactions entered into by a designated person;

b

monitoring compliance with or detecting evasion of these Regulations; or

c

obtaining evidence of the commission of an offence under these Regulations.

6

The Treasury may specify the manner in which, and the period within which, information is to be provided.

7

If no such period is specified, the information which has been requested must be provided within a reasonable time.

8

A request may include a continuing obligation to keep the Treasury informed as circumstances change, or on such regular basis as the Treasury may specify.

9

Information requested under this paragraph may relate to any period of time during which a person is, or was, a designated person.

10

Information requested under sub-paragraph (1)(b), (2) or (5)(a)(iii) may relate to any period of time before a person became a designated person (as well as, or instead of, any subsequent period of time).

3Production of documents1

A request under paragraph 2 may include a request to produce specified documents or documents of a specified description.

2

In relation to information recorded otherwise than in legible form, references to its production include producing a copy of the information in legible form.

3

Where the Treasury request that documents be produced, they may—

a

take copies of or extracts from any document so produced;

b

request any person producing a document to give an explanation of it; and

c

where that person is a body corporate, partnership or unincorporated body other than a partnership, request any person who is—

i

in the case of a partnership, a present or past partner or employee of the partnership,

ii

in any other case, a present or past officer or employee of the body concerned,

to give such an explanation.

4

Where the Treasury request a designated person or a person acting under a licence granted under regulation 9 to produce documents, that person must—

a

take reasonable steps to obtain the documents (if not already in the person's possession or control);

b

keep the documents under the person's possession or control (except for the purpose of providing them to the Treasury or as the Treasury may otherwise permit).

4Failure to comply with request for information1

A person commits an offence who—

a

without reasonable excuse, refuses or fails within the time and in the manner specified (or, if no time has been specified, within a reasonable time) to comply with any request made under this Schedule;

b

knowingly or recklessly gives any information, or produces any document, which is false in a material particular in response to such a request;

c

with intent to evade the provisions of this Schedule, destroys, mutilates, defaces, conceals or removes any document; or

d

otherwise intentionally obstructs the Treasury in the exercise of their powers under this Schedule.

2

Where a person is convicted of an offence under this paragraph, the court may make an order requiring that person, within such period as may be specified in the order, to comply with the request.

5General power to disclose information1

The Treasury may disclose any information obtained by them pursuant to these Regulations to any person for the purpose of facilitating or ensuring compliance with the Council Regulation.

2

The power in sub-paragraph (1) includes but is not limited to disclosing information to the following persons—

a

a police officer;

b

any person holding or acting in any office under or in the service of—

i

the Crown in right of the Government of the United Kingdom,

ii

the Crown in right of the Scottish Administration, the Northern Ireland Administration or the Welsh Assembly Government,

iii

the States of Jersey, Guernsey or Alderney or the Chief Pleas of Sark,

iv

the Government of the Isle of Man, or

v

the Government of any British overseas territory;

c

any law officer of the Crown for Jersey, Guernsey or the Isle of Man;

d

the Legal Services Commission, the Scottish Legal Aid Board or the Northern Ireland Legal Services Commission;

e

the Financial Conduct Authority, the Prudential Regulation Authority, the Bank of England, the Jersey Financial Services Commission, the Guernsey Financial Services Commission, the Isle of Man Insurance and Pensions Authority or the Isle of Man Financial Supervision Commission;

f

any other regulatory body, including those of other Member States;

g

any organ of the United Nations; or

h

the Council of the European Union, the European Commission or the Government of a Member State.

3

The purpose of facilitating or ensuring compliance with the Council Regulation referred to in sub-paragraph (1) includes but is not limited to the following—

a

monitoring compliance with, or detecting evasion of, this Regulation or the Council Regulation;

b

giving assistance or co-operation, pursuant to the Council Regulation; or

c

taking any action with a view to instituting, or otherwise for the purposes of, any proceedings—

i

in the United Kingdom, for an offence under these Regulations, or

ii

in any of the Channel Islands, the Isle of Man or any British overseas territory, for an offence under a similar provision in any such jurisdiction.

4

The Treasury may disclose any information obtained by them pursuant to these Regulations to any person with the consent of a person who, in their own right, is entitled to the information or to possession of the document, copy or extract.

5

In sub-paragraph (4) “in their own right” means not merely in the capacity as a servant or agent of another person.

6Application of provisions1

Nothing done under this Schedule is to be treated as a breach of any restriction imposed by statute or otherwise.

2

But nothing in this Schedule authorises a disclosure that—

a

contravenes the Data Protection Act 1998 , or

b

is prohibited by Part 1 of the Regulation of Investigatory Powers Act 2000 .

3

Nothing in this Schedule is to be read as requiring a person who has acted or is acting as counsel or solicitor for any person to disclose any privileged information in their possession in that capacity.

4

This Schedule does not limit the circumstances in which information may be disclosed apart from this Schedule.

5

This Schedule does not limit the powers of the Treasury to impose conditions in connection with the discharge of their functions under regulation 9.

6

In this paragraph “privileged information” means information with respect to which a claim to legal professional privilege (in Scotland, to confidentiality of communications) could be maintained in legal proceedings.

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SCHEDULE
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<p> Regulation 16</p>
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<heading>Reporting obligations of relevant institutions</heading>
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<p>A relevant institution must inform the Treasury as soon as practicable if—</p>
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<num>a</num>
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<p>it knows, or has reasonable cause to suspect, that a person—</p>
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<p>Where a relevant institution informs the Treasury under sub-paragraph (1), it must state—</p>
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<p>a relevant institution informs the Treasury under sub-paragraph (1) that it knows, or has reasonable cause to suspect, that a person is a designated person, and</p>
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<p>A relevant institution that fails to comply with any requirement of sub-paragraph (1), (2) or (4) commits an offence.</p>
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<p>The Treasury may request a designated person to provide information concerning—</p>
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<p>by or on behalf of the designated person, or</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-2-2-b">
<num>b</num>
<content>
<p>for the benefit of the designated person.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-paragraph-2-3">
<num>3</num>
<content>
<p>The power in sub-paragraph (1) or (2) is exercisable only where the Treasury believe that it is necessary for the purpose of monitoring compliance with or detecting evasion of these Regulations.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-2-4">
<num>4</num>
<intro>
<p>The Treasury may request a person acting under a licence granted under regulation 9 to provide information concerning—</p>
</intro>
<paragraph eId="schedule-paragraph-2-4-a">
<num>a</num>
<content>
<p>funds or economic resources dealt with under the licence, or</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-2-4-b">
<num>b</num>
<content>
<p>funds or economic resources made available under the licence.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-paragraph-2-5">
<num>5</num>
<intro>
<p>The Treasury may request any person in or resident in the United Kingdom to provide such information as the Treasury may reasonably require for the purpose of—</p>
</intro>
<paragraph eId="schedule-paragraph-2-5-a">
<num>a</num>
<intro>
<p>establishing for the purposes of these Regulations—</p>
</intro>
<subparagraph eId="schedule-paragraph-2-5-a-i">
<num>i</num>
<content>
<p>the nature and amount or quantity of any funds or economic resources belonging to, owned, held or controlled by or on behalf of a designated person;</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-2-5-a-ii">
<num>ii</num>
<content>
<p>the nature and amount or quantity of any funds or economic resources made available directly or indirectly to, or for the benefit of, a designated person; or</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-2-5-a-iii">
<num>iii</num>
<content>
<p>the nature of any financial transactions entered into by a designated person;</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-paragraph-2-5-b">
<num>b</num>
<content>
<p>monitoring compliance with or detecting evasion of these Regulations; or</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-2-5-c">
<num>c</num>
<content>
<p>obtaining evidence of the commission of an offence under these Regulations.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-paragraph-2-6">
<num>6</num>
<content>
<p>The Treasury may specify the manner in which, and the period within which, information is to be provided.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-2-7">
<num>7</num>
<content>
<p>If no such period is specified, the information which has been requested must be provided within a reasonable time.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-2-8">
<num>8</num>
<content>
<p>A request may include a continuing obligation to keep the Treasury informed as circumstances change, or on such regular basis as the Treasury may specify.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-2-9">
<num>9</num>
<content>
<p>Information requested under this paragraph may relate to any period of time during which a person is, or was, a designated person.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-2-10">
<num>10</num>
<content>
<p>Information requested under sub-paragraph (1)(b), (2) or (5)(a)(iii) may relate to any period of time before a person became a designated person (as well as, or instead of, any subsequent period of time).</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-paragraph-3" period="#period4">
<num>3</num>
<heading>Production of documents</heading>
<subparagraph eId="schedule-paragraph-3-1">
<num>1</num>
<content>
<p>A request under paragraph 2 may include a request to produce specified documents or documents of a specified description.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-3-2">
<num>2</num>
<content>
<p>In relation to information recorded otherwise than in legible form, references to its production include producing a copy of the information in legible form.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-3-3">
<num>3</num>
<intro>
<p>Where the Treasury request that documents be produced, they may—</p>
</intro>
<paragraph eId="schedule-paragraph-3-3-a">
<num>a</num>
<content>
<p>take copies of or extracts from any document so produced;</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-3-3-b">
<num>b</num>
<content>
<p>request any person producing a document to give an explanation of it; and</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-3-3-c">
<num>c</num>
<intro>
<p>where that person is a body corporate, partnership or unincorporated body other than a partnership, request any person who is—</p>
</intro>
<subparagraph eId="schedule-paragraph-3-3-c-i">
<num>i</num>
<content>
<p>in the case of a partnership, a present or past partner or employee of the partnership,</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-3-3-c-ii">
<num>ii</num>
<content>
<p>in any other case, a present or past officer or employee of the body concerned,</p>
</content>
</subparagraph>
<wrapUp>
<p>to give such an explanation.</p>
</wrapUp>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-paragraph-3-4">
<num>4</num>
<intro>
<p>Where the Treasury request a designated person or a person acting under a licence granted under regulation 9 to produce documents, that person must—</p>
</intro>
<paragraph eId="schedule-paragraph-3-4-a">
<num>a</num>
<content>
<p>take reasonable steps to obtain the documents (if not already in the person's possession or control);</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-3-4-b">
<num>b</num>
<content>
<p>keep the documents under the person's possession or control (except for the purpose of providing them to the Treasury or as the Treasury may otherwise permit).</p>
</content>
</paragraph>
</subparagraph>
</paragraph>
<paragraph eId="schedule-paragraph-4" period="#period4">
<num>4</num>
<heading>Failure to comply with request for information</heading>
<subparagraph eId="schedule-paragraph-4-1">
<num>1</num>
<intro>
<p>A person commits an offence who—</p>
</intro>
<paragraph eId="schedule-paragraph-4-1-a">
<num>a</num>
<content>
<p>without reasonable excuse, refuses or fails within the time and in the manner specified (or, if no time has been specified, within a reasonable time) to comply with any request made under this Schedule;</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-4-1-b">
<num>b</num>
<content>
<p>knowingly or recklessly gives any information, or produces any document, which is false in a material particular in response to such a request;</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-4-1-c">
<num>c</num>
<content>
<p>with intent to evade the provisions of this Schedule, destroys, mutilates, defaces, conceals or removes any document; or</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-4-1-d">
<num>d</num>
<content>
<p>otherwise intentionally obstructs the Treasury in the exercise of their powers under this Schedule.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-paragraph-4-2">
<num>2</num>
<content>
<p>Where a person is convicted of an offence under this paragraph, the court may make an order requiring that person, within such period as may be specified in the order, to comply with the request.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-paragraph-5" period="#period4">
<num>5</num>
<heading>General power to disclose information</heading>
<subparagraph eId="schedule-paragraph-5-1">
<num>1</num>
<content>
<p>The Treasury may disclose any information obtained by them pursuant to these Regulations to any person for the purpose of facilitating or ensuring compliance with the Council Regulation.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-5-2">
<num>2</num>
<intro>
<p>The power in sub-paragraph (1) includes but is not limited to disclosing information to the following persons—</p>
</intro>
<paragraph eId="schedule-paragraph-5-2-a">
<num>a</num>
<content>
<p>a police officer;</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-5-2-b">
<num>b</num>
<intro>
<p>any person holding or acting in any office under or in the service of—</p>
</intro>
<subparagraph eId="schedule-paragraph-5-2-b-i">
<num>i</num>
<content>
<p>the Crown in right of the Government of the United Kingdom,</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-5-2-b-ii">
<num>ii</num>
<content>
<p>the Crown in right of the Scottish Administration, the Northern Ireland Administration or the Welsh Assembly Government,</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-5-2-b-iii">
<num>iii</num>
<content>
<p>the States of Jersey, Guernsey or Alderney or the Chief Pleas of Sark,</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-5-2-b-iv">
<num>iv</num>
<content>
<p>the Government of the Isle of Man, or</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-5-2-b-v">
<num>v</num>
<content>
<p>the Government of any British overseas territory;</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-paragraph-5-2-c">
<num>c</num>
<content>
<p>any law officer of the Crown for Jersey, Guernsey or the Isle of Man;</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-5-2-d">
<num>d</num>
<content>
<p>the Legal Services Commission, the Scottish Legal Aid Board or the Northern Ireland Legal Services Commission;</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-5-2-e">
<num>e</num>
<content>
<p>the Financial Conduct Authority, the Prudential Regulation Authority, the Bank of England, the Jersey Financial Services Commission, the Guernsey Financial Services Commission, the Isle of Man Insurance and Pensions Authority or the Isle of Man Financial Supervision Commission;</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-5-2-f">
<num>f</num>
<content>
<p>any other regulatory body, including those of other Member States;</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-5-2-g">
<num>g</num>
<content>
<p>any organ of the United Nations; or</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-5-2-h">
<num>h</num>
<content>
<p>the Council of the European Union, the European Commission or the Government of a Member State.</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-paragraph-5-3">
<num>3</num>
<intro>
<p>The purpose of facilitating or ensuring compliance with the Council Regulation referred to in sub-paragraph (1) includes but is not limited to the following—</p>
</intro>
<paragraph eId="schedule-paragraph-5-3-a">
<num>a</num>
<content>
<p>monitoring compliance with, or detecting evasion of, this Regulation or the Council Regulation;</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-5-3-b">
<num>b</num>
<content>
<p>giving assistance or co-operation, pursuant to the Council Regulation; or</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-5-3-c">
<num>c</num>
<intro>
<p>taking any action with a view to instituting, or otherwise for the purposes of, any proceedings—</p>
</intro>
<subparagraph eId="schedule-paragraph-5-3-c-i">
<num>i</num>
<content>
<p>in the United Kingdom, for an offence under these Regulations, or</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-5-3-c-ii">
<num>ii</num>
<content>
<p>in any of the Channel Islands, the Isle of Man or any British overseas territory, for an offence under a similar provision in any such jurisdiction.</p>
</content>
</subparagraph>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-paragraph-5-4">
<num>4</num>
<content>
<p>The Treasury may disclose any information obtained by them pursuant to these Regulations to any person with the consent of a person who, in their own right, is entitled to the information or to possession of the document, copy or extract.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-5-5">
<num>5</num>
<content>
<p>
In sub-paragraph (4) “
<term refersTo="#term-in-their-own-right">in their own right</term>
” means not merely in the capacity as a servant or agent of another person.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="schedule-paragraph-6" period="#period3">
<num>6</num>
<heading>Application of provisions</heading>
<subparagraph eId="schedule-paragraph-6-1">
<num>1</num>
<content>
<p>Nothing done under this Schedule is to be treated as a breach of any restriction imposed by statute or otherwise.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-6-2">
<num>2</num>
<intro>
<p>But nothing in this Schedule authorises a disclosure that—</p>
</intro>
<paragraph eId="schedule-paragraph-6-2-a">
<num>a</num>
<content>
<p>
contravenes the Data Protection Act 1998
<noteRef href="#c23118111" marker="M1" class="commentary M"/>
, or
</p>
</content>
</paragraph>
<paragraph eId="schedule-paragraph-6-2-b">
<num>b</num>
<content>
<p>
is prohibited by Part 1 of the Regulation of Investigatory Powers Act 2000
<noteRef href="#c23118121" marker="M2" class="commentary M"/>
.
</p>
</content>
</paragraph>
</subparagraph>
<subparagraph eId="schedule-paragraph-6-3">
<num>3</num>
<content>
<p>Nothing in this Schedule is to be read as requiring a person who has acted or is acting as counsel or solicitor for any person to disclose any privileged information in their possession in that capacity.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-6-4">
<num>4</num>
<content>
<p>This Schedule does not limit the circumstances in which information may be disclosed apart from this Schedule.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-6-5">
<num>5</num>
<content>
<p>This Schedule does not limit the powers of the Treasury to impose conditions in connection with the discharge of their functions under regulation 9.</p>
</content>
</subparagraph>
<subparagraph eId="schedule-paragraph-6-6">
<num>6</num>
<content>
<p>
In this paragraph “
<term refersTo="#term-privileged-information">privileged information</term>
” means information with respect to which a claim to legal professional privilege (in Scotland, to confidentiality of communications) could be maintained in legal proceedings.
</p>
</content>
</subparagraph>
</paragraph>
</hcontainer>
</hcontainer>
</portionBody>
</portion>
</akomaNtoso>