Sanctions and Anti-Money Laundering Act 2018

30 Review by appropriate Minister of regulations under section 1

(1) Subsection (2) applies where any regulations under section 1 are in force.

(2) The appropriate Minister who made the regulations must in each relevant period review whether the regulations are still appropriate for the purpose stated in them under section 1(3).

(3) If a purpose so stated in any regulations under section 1 is a purpose other than compliance with a UN obligation or other international obligation, any review of those regulations under this section must also include a consideration of—

(a) whether carrying out that purpose would meet any one or more of the conditions in paragraphs (a) to (i) of section 1(2),

(b) whether there are good reasons to pursue that purpose, and

(c) whether the imposition of sanctions is a reasonable course of action for that purpose.

(4) In subsection (3)(c) “sanctions” means prohibitions and requirements of the kinds which are imposed by the regulations for the purpose in question (or both for that purpose and for another purpose of the regulations).

(5) An appropriate Minister who has carried out a review under this section must lay before Parliament a report containing—

(a) the conclusions of the review,

(b) the reasons for those conclusions, and

(c) a statement of any action that that Minister has taken or proposes to take in consequence of the review.

(6) Nothing in subsection (5) requires the report to contain anything the disclosure of which may, in the opinion of that Minister, damage national security or international relations.

(7) For the purposes of this section each of the following is a “relevant period” in relation to regulations under section 1—

(a) the period of one year beginning with the date when the regulations are made;

(b) each period of one year that begins with the date when a report under this section containing the conclusions of a review of the regulations is laid before Parliament.