Don’t try laundering Iranian money through the Bank of St Helena. Picture: Celie/Flickr
The Queen has signed a new law preventing people in St Helena trading sensitive goods with Iran.
Any Saints who supply materials for making nuclear weapons, say – or lend their expertise – face up to seven years in prison.
The Iran (Restrictive Measures) (Overseas Territories) Order 2012 was passed by “The Queen’s Most Excellent Majesty in Council” at the Court at Windsor Castle on 10 July 2012.
The document says: “Her Majesty, in exercise of the powers conferred on her by Section 1 of the United Nations Act 1946 section 112 of the Saint Helena Act 1833, and the British Settlements Act 1887 and 1945, is pleased, by and with the advice of Her Privy Council, to order as follows…”
The new law, called a Statutory Instrument, makes it illegal to supply various services or goods, including gold and diamonds, unless granted a licence by the governor.
It’s also now illegal for anyone in St Helena to launder newly-printed Iranian banknotes.
Although the law applies to all the UK’s overseas territories, it makes specific reference to Ascension, St Helena and Tristan da Cunha. Read it here… just to be on the safe side.
LINK:
Iran sanctions explained – BBC News
