Part 1Terrorist Asset-Freezing
CHAPTER 2Prohibitions in relation to designated persons
Prohibitions
13Making funds or financial services available for benefit of designated person
(1)
A person (“P”) must not make funds or financial services available to any person for the benefit of a designated person if P knows, or has reasonable cause to suspect, that P is making the funds or financial services so available.
(2)
For the purposes of this section—
(a)
funds are made available for the benefit of a designated person only if that person thereby obtains, or is able to obtain, a significant financial benefit, and
(b)
“financial benefit” includes the discharge of a financial obligation for which the designated person is wholly or partly responsible.
(3)
Subsection (1) is subject to sections 16 and 17 (exceptions and licences).
(4)
A person who contravenes the prohibition in subsection (1) commits an offence.