Reporting obligations of relevant institutions
- Report suspected designated persons to the Treasury with full details
UK Statutory Instrument
2013
United Kingdom
The Democratic People's Republic of Korea (European Union Financial Sanctions) Regulations 2013
At a glance
What's here
2 compliance obligations
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Credits to a frozen account
- Notify Treasury when crediting a frozen account under certain conditions
Browse 36 other sections — procedural / definitional / commencement
Citation, commencement and application
Reporting obligations of relevant institutions
Interpretation
Powers to request information
Freezing of funds and economic resources
Production of documents
Making funds available to a designated person
Failure to comply with request for information
Making funds available for the benefit of a designated person
General power to disclose information
Making economic resources available to a designated person
Application of provisions
Making economic resources available for the benefit of a designated person
Funds and economic resources: Government of Democratic People’s Republic of Korea and Worker’s Party of Korea
Licences
Credit and financial institutions: accounts and correspondent banking relationships
Agreements
Acquisition or extension of ownership interest
Sale or purchase of bonds
DPRK credit and financial institutions: branches, subsidiaries, and representative offices
Severance of existing financial relationships
Business directly or indirectly with designated persons
Financial support for trade
Investment and commercial activities
Transfers of funds
(1) An authorisation granted by the Treasury under regulation 13F...
Contravention and circumvention of prohibitions
Officers of a body corporate etc.
Penalties
Proceedings
Consent to prosecution
Information provisions
Notices
The Crown
Revocation
Saving
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