Credits to a frozen account
This section has no associated Explanatory Memorandum
34.—(1) Articles 28 and 29 are not contravened by a person who credits a frozen account with—
(a)interest or other earnings due on the account, or
(b)payments due under contracts, agreements or obligations that were concluded or arose before the account became a frozen account.
(2) Articles 28 and 29 do not prevent a relevant institution from crediting a frozen account where it receives funds transferred to the account.