# The Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019, Regulation 12: Making funds or financial services available to designated person

Extent: E+W+S+N.I.

(1) A person (“P”) must not make funds or financial services available directly or indirectly to a designated person if P knows, or has reasonable cause to suspect, that P is making the funds or financial services so available.
(2) Paragraph (1) is subject to Part 4 (Exceptions and licences).
(3) A person who contravenes the prohibition in paragraph (1) commits an offence.
(4) The reference in paragraph (1) to making funds or financial services available indirectly to a designated person includes, in particular, a reference to making them available to a person who is owned or controlled directly or indirectly (within the meaning of regulation 7) by the designated person.

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Source: https://www.legislation.gov.uk/uksi/2019/577/regulation/12 (the official version)
Page: https://openlegislation.uk/counter-terrorism-sanctions-eu-exit-regulations-2019/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.