# The Global Anti-Corruption Sanctions (Overseas Territories) Order 2021, Paragraph 12

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

For regulation 19 (finance: exception for authorised conduct in a relevant country) substitute—
“Finance: exceptions for authorised conduct outside the Territory
19. (1) Where a person’s conduct outside the Territory would, in the absence of this paragraph, contravene a prohibition in any of regulations 11 to 15 (asset-freeze etc.), the prohibition is not contravened if the conduct is authorised by a licence issued under regulation 21 (Treasury licences) (as it has effect in the United Kingdom).
(2) Where a person’s conduct in a relevant country would, in the absence of this paragraph, contravene a prohibition in any of regulations 11 to 15 (“the relevant prohibition”), the relevant prohibition is not contravened if the conduct is authorised by a licence or other authorisation which is issued—
(a) under the law of the relevant country, and
(b) for the purpose of disapplying a prohibition in that jurisdiction which corresponds to the relevant prohibition.
(3) In this regulation, “relevant country” means—
(a) any of the Channel Islands;
(b) the Isle of Man;
(c) any British overseas territory other than the Territory.”

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Source: https://www.legislation.gov.uk/uksi/2021/525/schedule/2/paragraph/12 (the official version)
Page: https://openlegislation.uk/global-anti-corruption-sanctions-overseas-territories-order-2021/schedule-2/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.