United Nations (Sanctions — Yemen) Regulations 2015

any financial institution or class of financial institutions to the extent that the financial institution or class of financial institutions is or may be subject to directions issued or treated as issued by the Monetary Authority of Singapore under section 15 of the Financial Services and Markets Act 2022, or regulations made or treated as made by the Monetary Authority of Singapore under section 192 of the Financial Services and Markets Act 2022 for the purposes of section 15 of that Act; and

any VCC or class of VCCs to the extent that the VCC or class of VCCs is or may be subject to the directions issued or regulations made by the Monetary Authority of Singapore under section 83 of the Variable Capital Companies Act 2018.

where any individual or entity is added to the 2140 List on or after 1 September 2015, the individual or entity is taken to be a designated 2140 List person with effect from the date immediately following the date of addition to the 2140 List;

where any individual or entity is removed from the 2140 List, the individual or entity ceases to be a designated 2140 List person with effect from the date of removal from the 2140 List; and

where the particulars of any individual or entity in the 2140 List are modified on or after 1 September 2015, the particulars of the individual or entity are taken to be modified for the purposes of these Regulations with effect from the date immediately following the date of modification of the 2140 List.(3) The conditions referred to in the definition of “designated 2216 List person” in paragraph (1) are —

where any individual or entity is added to the 2216 List on or after 7 August 2019, the individual or entity is taken to be a designated person with effect from the date immediately following the date of addition to the 2216 List;

where any individual or entity is removed from the 2216 List, the individual or entity ceases to be a designated person with effect from the date of removal from the 2216 List; and

where the particulars of any individual or entity in the 2216 List are modified on or after 7 August 2019, the particulars of the individual or entity are taken to be modified for the purposes of these Regulations with effect from the date immediately following the date of modification of the 2216 List.

has possession, custody or control of any property belonging to —

a designated 2140 List person;

any entity which or individual who acts on behalf of or under the direction of a designated 2140 List person; or

any entity owned or controlled by a designated 2140 List person; (b)has information about any transaction or proposed transaction in respect of any property belonging to any designated 2140 List person, entity or individual referred to in sub‑paragraph (a); or

has information about any act or thing prohibited by regulation 5, 6, 6A, 6B, 6C or 7,must —

immediately inform the Commissioner of Police or any authorised person of that fact or information; and

provide such further information relating to the property, transaction or proposed transaction, act or thing as the Commissioner of Police or authorised person may require.

may seize any item for which the specified person has reasonable grounds to believe the supply, sale or transfer of which is prohibited by regulation 6A or 6B; and (b)must, as soon as reasonably practicable after any such seizure, hand over the item to a police officer.

is to be forfeited to the Government; and

is either destroyed or otherwise dealt with in such manner as the court may order.

the court proposes to order any item to be forfeited under this regulation; and

a person claiming to have an interest in the item has applied to be heard by the court,the court is not to order the item to be forfeited unless that person has been given an opportunity to show cause why the order should not be made.