{
  "url": "https://openlegislation.uk/democratic-peoples-republic-of-korea-sanctions-eu-exit-regulations-2019/regulation-41",
  "json_url": "https://openlegislation.uk/democratic-peoples-republic-of-korea-sanctions-eu-exit-regulations-2019/regulation-41.json",
  "legislation": "uksi/2019/411",
  "legislation_title": "The Democratic People's Republic of Korea (Sanctions) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/democratic-peoples-republic-of-korea-sanctions-eu-exit-regulations-2019",
  "path": "regulation/41",
  "kind": "regulation",
  "number": "41",
  "heading": "Financial services and funds relating to restricted goods and restricted technology",
  "text": "(1) A person must not directly or indirectly provide financial services to a person connected with the DPRK in pursuance of or in connection with an arrangement whose object or effect is—\n(a) the export of restricted goods,\n(b) the direct or indirect supply or delivery of restricted goods,\n(c) directly or indirectly making restricted goods or restricted technology available to a person,\n(d) the transfer of restricted technology, or\n(e) the direct or indirect provision of technical assistance relating to restricted goods or restricted technology.\n(2) A person must not directly or indirectly make funds available to a person connected with the DPRK in pursuance of or in connection with an arrangement mentioned in paragraph (1).\n(3) A person must not directly or indirectly provide financial services or funds in pursuance of or in connection with an arrangement whose object or effect is—\n(a) the export of restricted goods to, or for use in, the DPRK;\n(b) the direct or indirect supply or delivery of restricted goods to a place in the DPRK;\n(c) directly or indirectly making restricted goods or restricted technology available—\n(i) to a person connected with the DPRK, or\n(ii) for use in the DPRK;\n(d) the transfer of restricted technology—\n(i) to a person connected with the DPRK, or\n(ii) to a place in the DPRK; or\n(e) the direct or indirect provision of technical assistance relating to restricted goods or restricted technology—\n(i) to a person connected with the DPRK, or\n(ii) for use in the DPRK.\n(4) A person must not directly or indirectly procure financial services from a person connected with the DPRK in pursuance of or in connection with an arrangement mentioned in paragraph (1).\n(5) A person must not directly or indirectly procure financial services in pursuance of or in connection with an arrangement mentioned in paragraph (3).\n(6) Paragraphs (1) to (5) are subject to Part 9 (Exceptions and licences).\n(7) A person who contravenes a prohibition in any of paragraphs (1) to (5) commits an offence, but—\n(a) it is a defence for a person charged with an offence of contravening paragraph (1), (2) or (4) (“P”) to show that P did not know and had no reasonable cause to suspect that the person was connected with the DPRK;\n(b) it is a defence for a person charged with the offence of contravening paragraph (3) to show that the person did not know and had no reasonable cause to suspect that the financial services or funds (as the case may be) were provided in pursuance of or in connection with an arrangement mentioned in that paragraph;\n(c) it is a defence for a person charged with the offence of contravening paragraph (5) to show that the person did not know and had no reasonable cause to suspect that the financial services were procured in pursuance of or in connection with an arrangement mentioned in paragraph (3).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 41 not in force at made date, see reg. 1(2)"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "Reg. 41 in force at 31.12.2020 by S.I. 2019/627, reg. 7(2); 2020 c. 1, Sch. 5 para. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/411/regulation/41",
    "retrieved_at": "2026-10-28T22:46:08.584551+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}