Introductory text

This Statutory Instrument corrects an error in S.I. 2023/1367 and is being issued free of charge to all known recipients of that Statutory Instrument.

Regulations made by the Secretary of State, laid before Parliament under section 55(3) of the Sanctions and Anti-Money Laundering Act 2018, for approval by resolution of each House of Parliament within twenty-eight days beginning with the first day on which any provision of the Regulations comes into force (as provided for in section 56(5) of that Act), subject to extension for periods of dissolution, prorogation or adjournment for more than four days.

Sanctions

Made 14th May 2024

Laid before Parliament 15th May 2024

Coming into force 16th May 2024

The Secretary of State^f1, considering that the condition in section 45(2) of the Sanctions and Anti-Money Laundering Act 2018^f2 is met, makes the following Regulations in exercise of the powers conferred by sections 1^f3, 3A(1)^f4, 5, 10(2), 15(2)(b)^f5 and (3A), 16, 17^f6, 17A^f7, 45 and 54(1)(a) and (2) of, and paragraphs 2 to 7, 11, 13, 14 and 17 of Schedule 1 to, the Sanctions and Anti-Money Laundering Act 2018.

Annotations

Footnotes

f1: The power to make regulations under Part 1 of the Sanctions and Anti-Money Laundering Act 2018 (c. 13) is conferred on an appropriate Minister. Section 1(9)(a) of that Act defines “appropriate Minister” as including the Secretary of State.
f2: 2018 c. 13. Section 45 is amended by sections 57(4) and section 62(3) of the Economic Crime (Transparency and Enforcement) Act 2022 (c. 10).
f3: Section 1 is amended by section 57(2) of the Economic Crime (Transparency and Enforcement) Act 2022 and section 35(2) of the Economic Crime and Corporate Transparency Act 2023 (c. 56) (“the 2023 Act”).
f4: Section 3A was inserted by section 35(3) of the 2023 Act.
f5: Section 15 is amended by section 35(5) of the 2023 Act.
f6: Relevant amendments to section 17 (enforcement) are made by paragraph 443(1) of Schedule 24 to the Sentencing Act 2020 (c. 17) and section 214(3) of the 2023 Act.
f7: Section 17A was inserted by section 214(4) of the 2023 Act.