Terrorist Asset-Freezing etc. Act 2010
2010 CHAPTER 38
Commentary on Sections and Schedules
Part 1 – Terrorist Asset-Freezing
Chapter 2 – Prohibitions in Relation to Designated Persons
Prohibitions
Section 15 – Making economic resources available for benefit of designated person
39.This section makes it an offence for a person to make economic resources available to any person for the benefit of a designated person if the person making the economic resources available knows, or has reasonable cause to suspect, that the economic resources are being made available for the benefit of a designated person. While the prohibition in section 14 prohibits the making available of economic resources to the designated person, the section 15 prohibition relates to the making available of economic resources to third parties but which are for the benefit of, or give rise to a benefit to, the designated person.
40.As is the case under section 13(2), the prohibition in section 15 is only engaged if the designated person obtains, or is able to obtain, a significant financial benefit as a consequence of the making available of economic resources to the third party.
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