Article 9 Licences

(1)

The Treasury may grant a licence to exempt acts specified in the licence from the prohibition in article 4(1) or 5(1).

(2)

A licence may relate to—

(a)

basic expenses, including payments for foodstuffs, rent or mortgage, medicines, medical treatment, taxes, insurance premiums and public utility charges;

(b)

payment of reasonable professional fees and expenses associated with the provision of legal services; or

(c)

payment of fees or service charges for the routine holding or maintenance of frozen funds or economic resources.

(3)

A licence may be—

(a)

general or granted to a particular person;

(b)

absolute or subject to conditions;

(c)

of indefinite duration or subject to an expiry date.

(4)

The Treasury may vary or revoke a licence at any time.

(5)

The Treasury, where they grant, vary or revoke a licence, must—

(a)

in the case of a licence granted to a particular person, give written notice of the licence, variation or revocation to that person, and

(b)

in the case of a general licence, make information as to the licence, variation or revocation publicly available.

(6)

Any person who, for the purpose of obtaining a licence, knowingly or recklessly makes any statement or furnishes any document or information which is false in a material particular is guilty of an offence.

(7)

Any person who has done any act under the authority of a licence and who fails to comply with any conditions attaching to that licence is guilty of an offence.