Regulation 34 Prohibitions relating to the associated provision of financial services and fundsI1

United Kingdom

(1)

A person must not directly or indirectly provide, to a person connected with Syria, financial services in pursuance of or in connection with an arrangement whose object or effect is—

(a)

the export of goods to which this paragraph applies,

(b)

the direct or indirect supply or delivery of goods to which this paragraph applies,

(c)

directly or indirectly making goods or technology to which this paragraph applies available to a person,

(d)

the transfer of technology to which this paragraph applies, or

(e)

the direct or indirect provision of technical assistance relating to goods or technology to which this paragraph applies.

(2)

A person must not directly or indirectly make funds available to a person connected with Syria in pursuance of or in connection with an arrangement mentioned in paragraph (1).

(3)

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 export of goods to which this paragraph applies to, or for use in, Syria,

(b)

the direct or indirect supply or delivery of goods to which this paragraph applies to a place in Syria,

(c)

directly or indirectly making goods or technology to which this paragraph applies available—

(i)

to a person connected with Syria, or

(ii)

for use in Syria,

(d)

the transfer of technology to which this paragraph applies —

(i)

to a person connected with Syria, or

(ii)

to a place in Syria, or

(e)

the direct or indirect provision of technical assistance relating to goods or technology to which this paragraph applies —

(i)

to a person connected with Syria, or

(ii)

for use in Syria.

(4)

Paragraphs (1) to (3) are subject to Part 7 (Exceptions and licences).

(5)

A person who contravenes a prohibition in any of paragraphs (1) to (3) commits an offence, but—

(a)

it is a defence for a person charged with an offence of contravening paragraph (1) or (2) (“P”) to show that P did not know and had no reasonable cause to suspect that the person was connected with Syria;

(b)

it is a defence for a person charged with an offence of contravening a prohibition in paragraph (3) 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.

F1(6)

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Annotations

Textual amendments

F1: Reg. 34(6) omitted (25.4.2025) by virtue of The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 24(i)

Commencement

I1: Reg. 34 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)