Paragraph 2 Making funds available to designated persons

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch 1, para 1 defn(s) rev by Iraq (United Nations Sanctions) (Channel Islands) 2004 art 4, Schedule, Pt 1, para 3(a)
Sch 1, para 1 rev in pt by Iraq (United Nations Sanctions) (Channel Islands) 2004 art 4, Schedule, Pt 1, para 3(b), (c)
Sch 1, paras 3, 4 rev by Iraq (United Nations Sanctions) (Channel Islands) 2004 art 4, Schedule, Pt 1, para 3(d), (e)
Sch 1, para 7 rev in pt by Iraq (United Nations Sanctions) (Channel Islands) 2004 art 4, Schedule, Pt 1, para 3(f)

For article 3, substitute—

“3.

(1)

Any person who, except under the authority of a licence granted by the relevant enforcement authority under article 5, makes any funds available to a designated person is guilty of an offence.

(2)

In proceedings for an offence under this article, it is a defence for the accused to show that he took all reasonable precautions and exercised all due diligence to avoid committing the offence.”.