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Paragraph 3 Freezing funds of listed persons

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

After article 3 of the Order, insert:

“Freezing funds of listed persons

3A.
(1)

Any person who, except under the authority of a licence granted by the Governor under article 5, makes available to any person–

(a)

any funds that he held on 22nd May 2003 for or on behalf of a listed 23a person; or

(b)

any funds that he holds for or on behalf of a listed 23b 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.”.