Part 8: Financial sanctions Section 143: Interpretation
This section sets out the definitions that apply to this Part of the Act.
	Subsection (2) defines an "EU financial sanctions Regulation" as an EU Regulation that imposes restrictions for the purpose of freezing funds or economic resources of persons to whom the regime applies, restricting the ability of those persons to access financial markets and services, or which make supplementary provisions about the extent, prohibitions, exemptions and requirements of those financial sanctions. For example, Council Regulation (EU) No. 881/2002 of 27 May 2002 imposing certain specific restrictive measures directed against certain persons and entities associated with the Al-Qaida network.
	Subsection (3) defines a "UN financial sanctions Resolution" as a Resolution of the Security Council of the UN that imposes or alters similar restrictions. For example UNSCR 1267 adopted on 15 October 1999, which imposed restrictions in relation to Osama bin Laden, Al Qaida and the Taliban.
	Subsection (4) defines "financial sanctions legislation".
	The definition includes an EU financial sanctions Regulation, and a statutory instrument made under section 2(2) of the 1972 Act to implement it into UK domestic law. For example, the Iran (European Union Financial Sanctions) Regulations 2016 (SI 2016/36), which implement the financial sanctions regime contained in EU Regulation 267/2012, as amended.
	The definition includes UK legislation which is enacted in order to directly implement a UN financial sanctions Regulation. For example, the Libya (Financial Sanctions) Order 2011 (SI 2011/548), which implemented UNSCR 1970 adopted on 26 February 2011.
	The definition includes a freezing order made under section 4 of the Anti-terrorism, Crime and Security Act 2001. An example of such an order is the Andrey Lugovoy and Dmitri Kovtun Freezing Order 2016 (SI 2016/67), which froze the assets of the two men assessed by a public inquiry on 21 January 2016 to have been responsible for the poisoning of Alexander Litvinenko.
	The definition also includes a direction given under paragraph 13 of Schedule 7 to the Counter-Terrorism Act 2008 which includes requirements not to enter into or continue business transactions with a designated person. An example of such a direction is contained in the Financial Restrictions (Iran) Order 2012 (SI 2012/2904), which prohibited British businesses from dealing with Iranian banks. (This order was subsequently revoked by the Financial Restrictions (Iran) (Revocation) Order 2013 (SI 2013/162).)