xmlns:atom="http://www.w3.org/2005/Atom"

PART 1LISTS

FUNDS AND ECONOMIC RESOURCES

Making funds and economic resources available

11.—(1) A person (including a designated person) shall not make funds or economic resources available, directly or indirectly, to or for the benefit of a designated person, subject to article 12, unless they do so under the authority of a licence granted under article 15.

(2) A person who contravenes the prohibition in paragraph (1) shall be guilty of an offence under this Order.

(3) In proceedings for an offence under this article, it is a defence for a person to show that they did not know and had no reasonable cause to suspect that they were making funds or economic resources available, directly or indirectly, to or for the benefit of a designated person.