Hong Kong Regulations

UNITED NATIONS SANCTIONS (CÔTE D’IVOIRE) REGULATION 2006 - SECT 8

Prohibition against making available funds, etc. to certain persons or entities

Caution: This is a past version. See the current version here.

Making available funds, etc. to certain persons or entities

(1) Except under the authority of a licence granted under section  14 (1), a
person shall not make available any funds or other financial assets or
economic resources to or for the benefit of a relevant person or a relevant
entity.

(2) A person who contravenes subsection (1) commits an offence and is
liable—

   (a)  on conviction on indictment to a fine and to imprisonment for 7 years;
        or

   (b)  on summary conviction to a fine at level 6 and to imprisonment for 6
        months.

(3) In any proceedings for an offence under subsection (2), it is a defence
for a person charged to prove that he did not know and had no reason to
believe that the funds or other financial assets or economic resources
concerned were to be made available to or for the benefit of a relevant person
or a relevant entity.

(4) This section applies to—

   (a)  a person within the HKSAR; and

   (b)  a person acting elsewhere who is—

        (i)    both a Hong Kong permanent resident and a Chinese national; or

        (ii)   a body incorporated or constituted under the law of the HKSAR.