The Iran (Restrictive Measures) (Overseas Territories) Order 2012

Offences related to the movement of gold, precious metals or diamonds listed in Annex VII

15.—(1) A person to whom this Order applies (“P”) commits an offence if P knowingly —

(a) sells, supplies, transfers or exports (directly or indirectly) gold, precious metals or diamonds, as listed in Annex VII to the Council Regulation, to the Government of Iran;

(b) purchases, imports or transports (directly or indirectly) gold, precious metals or diamonds as listed in Annex VII, whether the item concerned originated in Iran or not, from the Government of Iran;

(c) provides (directly or indirectly) technical assistance or brokering services, financing or financial assistance, relating to gold, precious metals or diamonds as listed in Annex VII, to the Government of Iran.

(2) For the purposes of paragraph (1), “the Government of Iran” includes—

(a) public bodies, corporations and agencies of the Government of Iran,

(b) any person, entity or body acting on behalf or at the direction of the Government of Iran, and

(c) any entity or body owned or controlled by the Government of Iran.