Article 10G Financial support for tradeF1F2
A credit or financial institution (“P”) commits an offence if P provides financing or financial assistance for trade which P knows or has reasonable cause to suspect may contribute to—
the nuclear-related, other weapons of mass destruction-related, or ballistic missile-related programmes of North Korea; or
an activity prohibited under this Order.
Paragraph (1) does not apply if—
the contract or agreement to provide financing or financial assistance was concluded prior to 10th August 2016; or
the trade is in food, agricultural or medical equipment, or is for humanitarian purposes.
Annotations
Textual amendments
- F1
Pt. 2A inserted (7.8.2013) by The Democratic People’s Republic of Korea (Sanctions) (Overseas Territories) (Amendment) Order 2013 (S.I. 2013/1718), arts. 1(2), 8
- F2
Art. 10C-10K substituted for art. 10C-10F (10.6.2016) by The Democratic People’s Republic of Korea (Sanctions) (Overseas Territories) (Amendment) Order 2016 (S.I. 2016/630), arts. 1(1), 8
- F3
Art. 10G substituted (10.8.2016) by The Democratic People’s Republic of Korea (Sanctions) (Overseas Territories) (Amendment) ( No. 2) Order 2016 (S.I. 2016/769), arts. 1(1), 7