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.
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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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