Section 58(1)

The prohibition in regulation 11 (asset-freeze in relation to designated persons) is not contravened by an independent person (“P”) transferring to another person a legal or equitable interest in funds or economic resources where, immediately before the transfer, the interest— is held by P, and is not held jointly with the designated person.

← 58 · All articles · 2 →

Source: legislation.gov.uk · retrieved 2026-08-30