Section 72(7)

Information within this paragraph is such information as the Treasury may reasonably require for the purpose of— establishing for the purposes of any provision of Chapter 1 of Part 3 (Finance)— the nature and amount or quantity of any funds or economic resources owned, held or controlled by or on behalf of a designated person, the nature and amount or quantity of any funds, financial services or economic resources made available directly or indirectly to, or for the benefit of, a designated person, or the nature of any financial transactions entered into by a designated person; monitoring compliance with or detecting evasion of— any provision of Part 3 or regulations 46Z9B to 46Z9D, regulation 70 (finance: reporting obligations), or any condition of a Treasury licence; detecting or obtaining evidence of the commission of an offence under Part 3, regulations 46Z9B to 46Z9D (maritime transportation of certain oil and oil products), regulation 67 (finance: licensing offences) or 70 (finance: reporting obligations).

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