The Republic of Maldives (Asset-Freezing) Regulations 2018

Making funds available to a designated person

This section has no associated Explanatory Memorandum

4.—(1) A person (“P”) must not make funds available, directly or indirectly, to a designated person if P knows, or has reasonable cause to suspect, that P is making the funds so available.

(2) Paragraph (1) is subject to regulations 8 (credits to a frozen account) and 9.