Federal Republic of Yugoslavia (Freezing of Funds) Ordinance, 2001

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The Federal Republic of Yugoslavia (Freezing of Funds) Ordinance, 2001

THE STATES, on the representations of the States Advisory and Finance Committee and in exercise of the powers conferred on them by sections 1 and 4 of the European Communities (Implementation) (Bailiwick of Guernsey) Law, 1994[a], hereby order:-

Offence of infringing EC Regulation.

1. A person who infringes any provision of Article 1, 2 or 3 of the EC Regulation is guilty of an offence.

False statements, etc.

2. A person who, in making any statement or furnishing any document or information of a description referred to in, or otherwise for the purposes of, any provision of the EC Regulation -

(a) makes any statement or furnishes any document or information which to his knowledge is false in a material particular; or

(b) recklessly makes any statement or furnishes any document or information which is false in a material particular;

is guilty of an offence.

Penalties and proceedings.

3. (1) A person guilty of an offence under section 1 or 2 is liable -

(a) on conviction on indictment, to imprisonment for a term not exceeding two years, or to a fine, or to both;

(b) on summary conviction, to imprisonment for a term not exceeding three months, or to a fine not exceeding level 5 on the uniform scale, or to both.

(2) Where a body corporate is guilty of an offence under this Ordinance, and the offence is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of, any director, manager, secretary or other similar officer of the body corporate, or any person who was purporting to act in any such capacity, that person as well as the body corporate is guilty of that offence and liable to be proceeded against and punished accordingly.

Interpretation.

4. In this Ordinance "the EC Regulation" means Council Regulation (EC) No 2488/2000 of 10^th November, 2000[b] maintaining a freeze of funds in relation to Mr Milosevic and those persons associated with him and repealing Regulations (EC) Nos. 1294/99 and 607/2000 and Article 2 of Regulation (EC) No. 926/98, as amended from time to time.

Repeal.

5. The Federal Republic of Yugoslavia (Freezing of Funds and Prohibition on Investment) Ordinance, 1999[c] is repealed.

Citation.

6. This Ordinance may be cited as the Federal Republic of Yugoslavia (Freezing of Funds) Ordinance, 2001

[a]	Order in Council No. III of 1994.
[b]	OJ L287, 14.11.2000, p. 19.
[c]	No. XIX of 1999.