Section 41, Funds and Other Related Measures) Regulations, 2013

(1) Part VI and Regulation 40 shall not apply where aperson credits a frozen account with– (a) interest or other earning due on that account; (b) a payment due under a contract, agreement or regulation; (c) a payment in favour of a designated person where the interest, other earnings and payments are subject to the assets freeze. (2) Part VI and Regulation 40 shall not prevent an institution from crediting a frozen account where it receives funds transferred to the account. (3) Regulation 40 is not contravened where a payment– (a) is a benefit under or by virtue of a relevant enactment irrespective of the name or nature of the benefit, and (b) is made to a person who is not a designated person, whether or not the payment is made in respect of a designated individual terrorist, entity or organisation. (4) A reporting entity shall, without delay, inform the Committee, the Directors of CISU and the Unit where that reporting entity credits a frozen account– (a) with payment referred to in paragraph (b) of sub- regulation (1) or (b) in the circumstances referred to in Subregulation ( 2).