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Regulation 52 Gold, precious metals or diamondsI1I2

United Kingdom

(1)

The export of gold, precious metals or diamonds to a DPRK Government person is prohibited.

(2)

The import of gold, precious metals or diamonds consigned from a DPRK Government person is prohibited.

(3)

A person must not directly or indirectly—

(a)

supply or deliver gold, precious metals or diamonds from a third country to a DPRK Government person;

(b)

make gold, precious metals or diamonds available to a DPRK Government person;

(c)

supply or deliver gold, precious metals or diamonds from a DPRK Government person to a place in a non-UK country;

(d)

acquire gold, precious metals or diamonds from a DPRK Government person.

(4)

Paragraphs (1) to (3) are subject to Part 9 (Exceptions and licences).

(5)

A person who contravenes a prohibition in paragraph (3) commits an offence, but it is a defence for a person charged with that offence (“P”) to show that P did not know and had no reasonable cause to suspect that the person was a DPRK Government person.

(6)

In this regulation—

  • “non-UK country” means a country that is not the United Kingdom or the Isle of Man;

  • “third country” means a country that is not the United Kingdom, the Isle of Man or the DPRK.

Annotations

Commencement

I1

Reg. 52 not in force at made date, see reg. 1(2)

I2

Reg. 52 in force at 31.12.2020 by S.I. 2019/627, reg. 7(2); 2020 c. 1, Sch. 5 para. 1(1)

Notes on Chapter 2

Textual amendments

F1

Words in Pt. 6 Ch. 2 heading substituted (5.12.2024) by The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2024 (S.I. 2024/1157), regs. 1(2), 3(5)