Business arrangements with designated personsU.K.
This section has no associated Explanatory Memorandum
24.—(1) A person (“P”) must not participate, directly or indirectly, in business arrangements, including joint ventures, with a person who P knows to be, or has reasonable cause to suspect is—
(a)a designated person, or
(b)acting on behalf of or at the direction of a designated person.
(2) Paragraph (1) is subject to Part 9 (Exceptions and licences).
(3) A person who contravenes the prohibition in paragraph (1) commits an offence.
Commencement Information
I1Reg. 24 not in force at made date, see reg. 1(2)
I2Reg. 24 in force at 31.12.2020 by S.I. 2019/627, reg. 7(2); 2020 c. 1, Sch. 5 para. 1(1)