Regulation 31G Technical assistance relating to gold, precious metals and diamondsF1

(1)

A person must not directly or indirectly provide technical assistance to any person relating to—

(a)

the import of gold, precious metals or diamonds which—

(i)

originate in Iran, or

(ii)

are consigned from Iran,

(b)

the direct or indirect acquisition of gold, precious metals or diamonds which—

(i)

originate in Iran, or

(ii)

are located in Iran, or

(c)

the supply and delivery of gold, precious metals or diamonds from a place in Iran to a third country.

(2)

Paragraph (1) is subject to Part 6 (Exceptions and licences).

(3)

A person who contravenes a prohibition in paragraph (1) commits an offence, but it is a defence for a person charged with the offence of contravening paragraph (1) (“P”) to show that P did not know and had no reasonable cause to suspect that the technical assistance related to any matter referred to that paragraph.

Annotations

Textual amendments

F1: Pt. 5 Chs. 2A-2D inserted (29.9.2026) by The Iran (Sanctions) (Amendment) Regulations 2026 (S.I. 2026/983), regs. 1(2), 7(m)