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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
Version 2 of 2

Regulation 40 Prohibitions relating to the associated provision of financial services and funds

(1) A person must not directly or indirectly provide financial services or funds in pursuance of or in connection with an arrangement whose object or effect is -

(a) the import of charcoal which -

(i) originates in Somalia, or

(ii) is consigned from Somalia;

(b) the direct or indirect acquisition of charcoal which -

(i) originates in Somalia, or

(ii) is consigned from Somalia;

(c) the direct or indirect supply or delivery of charcoal from a place in Somalia to a third country, where the charcoal -

(i) originates in Somalia, or

(ii) is consigned from Somalia;

(d) the direct or indirect supply or delivery of charcoal from a place in a non-UK country to a place in a different non-UK country where the charcoal originates in Somalia.

(2) Paragraph (1) is subject to Part 6 (Exceptions and licences).