# The Iraq (United Nations Sanctions) (Overseas Territories) (Amendment) (No. 2) Order 2004, Paragraph 3: Freezing funds of listed persons


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.”.

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Source: https://www.legislation.gov.uk/uksi/2004/2671/schedule/paragraph/3 (the official version)
Page: https://openlegislation.uk/iraq-united-nations-sanctions-overseas-territories-amendment-no-2-order-2004/schedule/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.