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Law library · Sierra Leone · Funds and Other Related Measures) Regulations, 2013

Section 42, Funds and Other Related Measures) Regulations, 2013

Status not yet checkedFunds and Other Related Measures) Regulations, 2013, Sierra Leone

(1) Subject to a written approval by the Attorney-Generala designated person or entity shall be granted licensed access to funds frozen under these Regulations for meeting basic needs of the designated person on the relevant list and other expenses including food, rental, education , fees, charges, real estate, mortgage, medical bills, taxes, insurance premium and such other expenses as the Attorney-General may approve (2) Application for use of frozen funds or assets pursuant to subregulation (1) shall be made to the Attorney-General by designated persons or entities or their authorized representatives with supporting documents. (3) The Attorney-General shall consider the application and may grant, reduce or refuse the request made in the application as considered reasonable in the circumstances. 16 17 Licence to access frozen funds. No n application of (4) In the case of a designated person on the UN Consolidated List, upon receipt of the application, the Attorney- General shall inform the appropriate UN Sanctions Committee of his intention to approve the utilization of the frozen fund or any part thereof and where the UN Sanctions Committee fails to responds within seven working days indicating its approval or objection the funds may be utilized as directed by the Attorney-General. (5) Where any entity or person in custody is the owner or controller or beneficiary of frozen funds or other economic assets they shall be informed in writing of the approval or refusal by the Attorney-General. (6) A designated person or entity on either of the UN consolidated List, Regional Member States of ECOWAS list or Government of Sierra Leone list making an application for utilisation of frozen funds or assets shall be informed in writing of the approval or rejection of their application. PART IX-–REVIEW, DELISTING AND UNFREEZING

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