Freezing funds and economic resources
This section has no associated Explanatory Memorandum
14.—(1) A person must not deal with funds or economic resources belonging to, or owned, held or controlled by, a designated person if they know, or have reasonable cause to suspect, that they are dealing with such funds or economic resources.
(2) In paragraph (1) “deal with” means—
(a)in relation to funds—
(i)use, alter, move, allow access to or transfer;
(ii)deal with the funds in any other way that would result in any change in volume, amount, location, ownership, possession, character or destination; or
(iii)to make any other change that would enable use, including portfolio management; and
(b)in relation to economic resources, exchange or use in exchange, for funds, goods or services.
(3) Paragraph (1) is subject to article 20.