Regulation 33A Banknotes and coinageF1

(1)

The export of restricted banknotes or coinage to, or for the benefit of, the Central Bank of Iran is prohibited.

(2)

A person must not directly or indirectly—

(a)

supply or deliver restricted banknotes or coinage from a third country to, or for the benefit of, the Central Bank of Iran;

(b)

make banknotes or coinage available to, or for the benefit of, the Central Bank of Iran.

(3)

Paragraphs (1) and (2) are subject to Part 6 (Exceptions and licences).

(4)

A person who contravenes a prohibition in paragraph (2) commits an offence, but—

(a)

it is a defence for a person charged with an offence of contravening paragraph (2)(a) (“P”) to show that P did not know and had no reasonable cause to suspect that the person to whom, or for whose benefit, the banknotes or coinage were supplied or delivered was the Central Bank of Iran;

(b)

it is a defence for a person charged with an offence of contravening paragraph (2)(b) (“Q”) to show that Q did not know and had no reasonable cause to suspect that the person to whom, or for whose benefit, the banknotes or coinage were made available was the Central Bank of Iran.

Annotations

Textual amendments

F1: Regs. 33A-33F inserted (29.9.2026) by The Iran (Sanctions) (Amendment) Regulations 2026 (S.I. 2026/983), regs. 1(2), 7(n)