(1) A person ("P") must not make funds or financial services available to any person for the benefit of a designated person if P knows, or has reasonable cause to suspect, that P is making the funds or financial services so available.
(2) For the purposes of this section -
(a) funds are made available for the benefit of a designated person only if that person thereby obtains, or is able to obtain, a significant financial benefit, and
(b) "financial benefit" includes the discharge of a financial obligation for which the designated person is wholly or partly responsible.
(3) Subsection (1) is subject to sections 16 and 17 (exceptions and licences).
(4) A person who contravenes the prohibition in subsection (1) commits an offence.