{
  "url": "https://openlegislation.uk/iran-sanctions-regulations-2023/regulation-16",
  "json_url": "https://openlegislation.uk/iran-sanctions-regulations-2023/regulation-16.json",
  "legislation": "uksi/2023/1314",
  "legislation_title": "The Iran (Sanctions) Regulations 2023",
  "legislation_url": "https://openlegislation.uk/iran-sanctions-regulations-2023",
  "path": "regulation/16",
  "kind": "regulation",
  "number": "16",
  "heading": "Making funds available to designated persons",
  "text": "(1) A person (“P”) must not make funds available directly or indirectly to a designated person if P knows, or has reasonable cause to suspect, that P is making the funds so available.\n(2) Paragraph (1) is subject to Part 8 (Exceptions and licences).\n(3) A person who contravenes the prohibition in paragraph (1) commits an offence.\n(4) The reference in paragraph (1) to making funds available indirectly to a designated person includes, in particular, a reference to making them available to a person who is owned or controlled directly or indirectly (within the meaning of regulation 9) by the designated person.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 16 in force at 14.12.2023, see reg. 1(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2023/1314/regulation/16",
    "retrieved_at": "2026-10-28T21:37:37.715143+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}