The Global Anti-Corruption Sanctions Regulations 2021
PART 1
General
1
Citation and commencement
2
Interpretation
3
Application of prohibitions and requirements outside the United Kingdom
4
Purposes
PART 2
Designation of persons
5
Power to designate persons
6
Designation criteria
7
Meaning of “owned or controlled directly or indirectly”
8
Notification and publicity where designation power used
9
Confidential information in certain cases where designation power used
PART 3
Finance
10
Meaning of “designated person” in Part 3
11
Asset-freeze in relation to designated persons
12
Making funds available to designated persons
13
Making funds available for benefit of designated persons
14
Making economic resources available to designated persons
15
Making economic resources available for benefit of designated persons
16
Circumventing etc. prohibitions
PART 4
Immigration
17
Immigration
PART 5
Exceptions and licences
18
Finance: exceptions from prohibitions
19
Finance: exception for authorised conduct in a relevant country
20
Exception for acts done for purposes of national security or prevention of serious crime
21
Treasury licences
22
Finance: licensing offences
23
Section 8B(1) to (3) of the Immigration Act 1971: directions
PART 6
Information and records
24
Finance: reporting obligations
25
“Relevant firm”
26
Finance: powers to request information
27
Finance: production of documents
28
Finance: information offences
29
Disclosure of information
30
Part 6: supplementary
PART 7
Enforcement
31
Penalties for offences
32
Liability of officers of bodies corporate etc.
33
Jurisdiction to try offences
34
Procedure for offences by unincorporated bodies
35
Time limit for proceedings for summary offences
36
Application of Chapter 1 of Part 2 of the Serious Organised Crime and Police Act 2005
PART 8
Supplementary and final provision
37
Notices
38
Revocations
SCHEDULES
SCHEDULE 1
Rules for interpretation of regulation 7(2)
1
Application of Schedule
2
Joint interests
3
Joint arrangements
4
Calculating shareholdings
5
Voting rights
6
In applying regulation 7(2) and this Schedule, the voting rights...
7
Rights to appoint or remove members of the board
8
A reference to a board of directors, in the case...
9
Shares or rights held “indirectly”
10
Shares held by nominees
11
Rights treated as held by person who controls their exercise
12
“Arrangement” includes— (a) any scheme, agreement or understanding, whether or...
13
Rights exercisable only in certain circumstances etc.
14
Rights attached to shares held by way of security
SCHEDULE 2
Treasury licences: purposes
1
Interpretation
2
Basic needs
3
Legal services
4
Maintenance of frozen funds and economic resources
5
Extraordinary expenses
6
Pre-existing judicial decisions etc.
7
Extraordinary situation
8
Prior obligations
9
Diplomatic missions etc.
10
Humanitarian assistance activity
2021 No. 488

Sanctions

The Global Anti-Corruption Sanctions Regulations 2021
Approved by both Houses of Parliament
Made
23rd April 2021
Laid before Parliament
at 11.00 a.m. on 26th April 2021
Coming into force
at noon on 26th April 2021
The Secretary of State , in exercise of the powers conferred by sections 1(1)(c) and (3)(b), 3(1)(a) and (d)(i), 4, 9(2)(a), 10(2)(a) and (c), (3) and (4), 11(2) to (9), 15(2)(a) and (b), (3), (4)(b), (5) and (6), 16, 17(2) to (5) and (8), 21(1), 54(1) and (2), and 62(4) and (5) of the Sanctions and Anti-Money Laundering Act 2018 , and having decided, upon consideration of the matters set out in section 2(2) of that Act, that it is appropriate to do so, makes the following Regulations:
The power to make regulations under Part 1 of the Sanctions and Anti-Money Laundering Act 2018 (c.13) is conferred on an “appropriate Minister”. Section 1(9)(a) of that Act defines an “appropriate Minister” as including the Secretary of State.
2018 c.13.