Regulation 40 Prohibitions relating to the associated provision of financial services and fundsI1

United Kingdom

(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 goods to which regulation 36 applies which—

(i)

originate in Syria, or

(ii)

are consigned from Syria;

(b)

the direct or indirect acquisition of goods or technology to which regulation 37(1) applies—

(i)

originating in Syria, or

(ii)

located in Syria;

(c)

the direct or indirect supply or delivery of goods to which regulation 38(1) applies from a place in Syria to a third country, where those goods—

(i)

originate in Syria, or

(ii)

are consigned from Syria;

F1(d)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(e)

the transfer of military technology to persons outside the United Kingdom or to a place outside the United Kingdom where the transfer is from a place in Syria.

(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 an offence of contravening a prohibition in paragraph (1) 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.

Annotations

Textual amendments

F1: Reg. 40(1)(d) omitted (25.4.2025) by virtue of The Syria (Sanctions) (EU Exit) (Amendment) Regulations 2025 (S.I. 2025/507), regs. 1(2), 24(m)

Commencement

I1: Reg. 40 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)