Section 17
of Anti-Terrorism (Terrorist Financing) Regulations, 2013
Section 17
(1)
In this Part-
"basic expense dealing" means a dealing constituted by
{a}
any payment to-
(i)
a designated person;
(ii)
a person acting on behalf of, or at the direction of, a designated person; or
(iii)
an entity owned or controlled by a designated person; or
(b)
a use or dealing with a freezable property, if it is necessary for basic expenses including the following
(A)
foodstuffs;
(B)
rent or mortgage;
(C)
medicines or medical treatment;
(D)
taxes;
(E)
insurance premiums;
(F)
public utility charges;
(G)
reasonable professional fees;
(H)
reimbursement of expenses associated with the provision of legal services;
!I)
fees or service charges that are in accordance with national laws for the routine holding or maintenance of frozen assets;
"contractual dealing" means a dealing constituted by -
{a} any payment to-
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(i)
a designated person;
(ii)
a person acting on behalf of, or at the direction of, a designated person; or
(iii)
an entity owned or controlled by a designated person; or
{b)
a use or dealing with a freezable property, if it is a payment-
(A)
to apply interest or other earnings due on accounts holding freezable property; or
(B)
required under contracts, agreements or obligations made before the date on which those accounts became accounts holding freezable property;
"extraordinary expense dealing" means dealing constituted by-
{a)
any payment to -
(i)
a designated person;
(ii)
a person acting on behalf of, or at the direction of a designated person; or
(iii)
an entity owned or controlled by a designated person; or
{b)
a use or dealing with a freezable property, if it is necessary for extraordinary expenses.
(2)
In the case of contractual dealings, any property owned or controlled in part or in full by a designated person that continues to produce benefit shall be frozen. Payments may be credited in favour of designated persons to their frozen accounts, so long as the additional amounts are subjected to a freeze.
Release of property of designated persons.