Article 3 Making funds available to Iraq

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

art 3 subst (prosp) by Iraq (United Nations Sanctions) (Isle of Man) 2003 art 3, Sch 1, para 2 (for appt day(s) see Gazettes)
art. 3 heading substituted by Iraq (United Nations Sanctions) (Isle of Man) 2004 Sch. Pt. 2 para. 2
art. 3(1) words substituted by Iraq (United Nations Sanctions) (Isle of Man) 2004 Sch. Pt. 2 para. 3

Except under the authority of a licence granted under article 5 by the Treasury, any person who—

(a)

makes any funds available to the Government of the Republic of Iraq or any person who is resident in the Republic of Iraq, or

(b)

otherwise remits or removes any funds from the Isle of Man to a destination in the Republic of Iraq,

is guilty of an offence.