Paragraph 13

(1)

Where property obtained through terrorism (“the original property”) is or has been earmarked as terrorist property, property which represents the original property is also earmarked.

(2)

If a person enters into a transaction by which—

(a)

he disposes of earmarked property, whether the original property or property which (by virtue of this Part) represents the original property, and

(b)

he obtains other property in place of it,

the other property represents the original property.

(3)

If a person disposes of earmarked property which represents the original property, the property may be followed into the hands of the person who obtains it (and it continues to represent the original property).

Notes on Schedule 1

Textual amendments

F1: Word in Sch. 1 heading substituted (27.4.2017 for specified purposes, 31.1.2018 in so far as not already in force) by Criminal Finances Act 2017 (c. 22), s. 58(5)(6), Sch. 5 para. 16(2); S.I. 2018/78, reg. 5(1)(c)