Regulation 5 Designation of persons named under UN Security Council ResolutionsI1
United Kingdom
Each person for the time being named on the 1988 Sanctions List is a designated person for the purposes of regulations 8 to 12 (asset-freeze etc.) and 15 to 22 (trade etc.) (whose purpose is compliance with the UN obligations mentioned in regulation 4 (purposes)) M1.
Annotations
Marginal citations
- M1
Section 13 of the Sanctions and Anti-Money Laundering Act 2018 requires that where the purposes of a provision of regulations under section 1 include compliance with a UN obligation to take particular measures in relation to UN-named persons (which is the case with the regulations mentioned in regulation 5), the regulations must provide for those persons to be designated persons for the purposes of that provision.
Commencement
- I1
Reg. 5 in force at 14.12.2020 by S.I. 2020/1514, reg. 16(1)