Prohibition against making available funds, etc. to certain persons or entities
Making available funds, etc. to certain persons or entities
(1) Except under the authority of a licence granted under section 8A(1), a person shall not make available any funds or other financial assets or economic resources to or for the benefit of a relevant person or a relevant entity.
(2) A person who contravenes subsection (1) commits an offence and is liable¡X
(a) on conviction on indictment to a fine and to imprisonment for 7 years; or
(b) on summary conviction to a fine at level 6 and to imprisonment for 6 months.
(3) In any proceedings for an offence under subsection (2), it is a defence for a person charged to prove that he did not know and had no reason to believe that the funds or other financial assets or economic resources concerned were to be made available to or for the benefit of a relevant person or a relevant entity.
(4) This section applies to¡X
(a) a person within the HKSAR; and
(b) a person acting elsewhere who is¡X
(i) both a Hong Kong permanent resident and a Chinese national; or
(ii) a body incorporated or constituted under the law of the HKSAR.