Part 1: Sanctions regulations Chapter 1: Power to make sanctions regulations Section 16: Information
This section intends to help the government ensure that sanctions work effectively, by requiring people to report relevant information, by enabling the government to collect information, and by authorising the sharing of information.
	These powers enable the government to monitor compliance with the regulations and obtain evidence if it believes that the regulations have been contravened or circumvented.
	In relation to financial sanctions, the powers are intended to be used to require people to report cases where they become aware or have reasonable grounds to suspect they are dealing with a designated person or a designated person has committed an offence. The government’s intention is that the regulations will set out what information these persons must report.
	This provision enables the UK to replicate the wide scope of the existing reporting requirement under directly-applicable EU law.
	In relation to financial sanctions, for example, the regulations will give the government powers to request information from a designated person on the funds or economic resources they hold, own or control or that someone else does on their behalf, and how those funds are disposed of. The government may request information on expenditure by or on behalf of the designated person. The government can use these powers when it thinks it is necessary for the purposes of monitoring compliance or detecting evasion of the regulations.
	The regulations could also require registers or records to be maintained, and allow the government to request from any person in or resident in the UK any information that the government may reasonably require to assess compliance with licences.
	The regulations under this section could also allow the government to disclose information received on the basis of these provisions. This includes disclosure to police officers, office holders of the Crown in the UK government or devolved administrations, regulatory bodies in the UK and international partners.