Act 2014
Prevention and Combating of Terrorist and Proliferation Activities Act, 2014 (Act 4 of 2014), as amended
Issued by Financial Intelligence Centre
Plain-English summary
Creates terrorism and proliferation offences and implements UN Security Council resolutions. As substituted by Act 8 of 2023, s 25 requires assets of UN-designated persons to be frozen without delay and prior notice, with a report to the Centre, and makes it an offence to make funds available to them (up to N$100 million or 30 years' imprisonment). In force 1 July 2014 (GN 80 of 2014), per the FIA amendment list.
Who it applies to
All industries
Topics
AML / CFT / Sanctions Trade Controls & Export Compliance
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| Freeze assets of UN-designated persons and report to the Centre | Deadline Without delay on being informed of a designation | FIC | official | |
Section 25, as substituted in 2023, requires funds and assets of persons designated by the UN Security Council to be frozen without delay and without prior notice, and the Centre to be told without delay of frozen assets and actions taken. Making funds or financial services available to a designated person, knowing, ought reasonably to know or suspecting the designation, is an offence carrying up to N$100 million or 30 years' imprisonment. |
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| No obligations match these filters. | ||||
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