# The Al-Qaida (Asset-Freezing) Regulations 2011, Regulation 3: Freezing of funds and economic resources


(1) A person (“P”) must not deal with funds or economic resources belonging to, or owned, held or controlled by, a designated person if P knows, or has reasonable cause to suspect, that P is dealing with such funds or economic resources.
(2) In paragraph (1) “deal with” means—
(a) in relation to funds—
(i) use, alter, move, allow access to or transfer;
(ii) deal with the funds in any other way that would result in any change of volume, amount, location, ownership, possession, character or destination; or
(iii) make any other change that would enable use, including portfolio management; and
(b) in relation to economic resources, exchange, or use in exchange, for funds, goods or services.
(3) Paragraph (1) is subject to regulation 9.

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Source: https://www.legislation.gov.uk/ukdsi/2011/9780111516041/regulation/3 (the official version)
Page: https://openlegislation.uk/draft-al-qaida-asset-freezing-regulations-2011/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.