# The Russia (Sanctions) (EU Exit) Regulations 2019, Regulation 46Z16O: Financial services and funds relating to diamonds and diamond jewellery


(1) A person must not directly or indirectly provide financial services or funds in pursuance of or in connection with an arrangement whose object or effect is—
(a) the import of diamonds or diamond jewellery which—
(i) originate in Russia, or
(ii) are consigned from Russia;
(b) the direct or indirect acquisition of diamonds or diamond jewellery which—
(i) originate in Russia, or
(ii) are located in Russia; or
(c) the direct or indirect supply or delivery of diamonds or diamond jewellery from a place in Russia to a third country.
(2) Paragraph (1) is subject to Part 7 (Exceptions and licences).
(3) A person who contravenes a prohibition in paragraph (1) commits an offence, but it is a defence for a person charged with the offence of contravening that paragraph to show that the person did not know and had no reasonable cause to suspect that the financial services or funds (as the case may be) were provided in pursuance of or in connection with an arrangement mentioned in that paragraph.

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Source: https://www.legislation.gov.uk/uksi/2019/855/regulation/46Z16O (the official version)
Page: https://openlegislation.uk/russia-sanctions-eu-exit-regulations-2019/regulation-46Z16O
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.