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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations provide that breaches of certain provisions of Council Regulation (EC) No. 1081/2000 of 22nd May 2000 (“the EC Regulation”) are to be criminal offences. The provisions in question are:

  • Article 2, which provides for the freezing of funds of certain persons related to important government functions in Burma, and prohibits the making of funds available to or for the benefit of those persons;

  • Article 5, which prohibits the knowing and intentional participation in activities the object or effect of which is to circumvent the provisions of the EC Regulation.

These Regulations make provision for information to be requested by or on behalf of the Treasury or the Bank of England for the purposes of ensuring compliance with the EC Regulation. Failure to provide such information, the provision of false information or the suppression of information is made a criminal offence.

Provision is made with respect to penalties and proceedings for offences under the Regulations.